US stock futures plunged after President Donald Trump announced 10% tariff on all US trading partners, sending shockwaves through markets and the global trade order.
Futures attached to the Dow Jones Industrial Average (YM=F) tumbled 1.9%. Futures attached to the benchmark S&P 500 (ES=F) plunged 2.6%. Futures attached to the tech-heavy Nasdaq Composite (NQ=F) sunk 3.1%.
Suspense over Trump’s long-promised reciprocal tariffs had been building for weeks. Stocks rose on Wednesday ahead of the announcement, but as Trump spoke from the Rose Garden, holding a poster displaying which countries would face what levies, stock futures
