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Stock futures plunge as investors digest Trump’s tariffs

  • U.S. President Donald Trump announced significant increases in tariffs on imports, causing Asian markets and U.S. Futures to plummet.
  • Trump imposed a 24% tariff on imports from Japan and a 25% tariff on South Korea, contributing to market declines.
  • The tariffs on China increased to 34%, raising its total tariff burden to 64%.
  • Investors reacted negatively, with the S&P 500 index down almost 10% from its all-time high.
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AMBCrypto broke the news in on Wednesday, April 2, 2025.
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