US stock futures cratered after Trump unveiled his long-anticipated tariffs in an address at the White House Rose Garden on Wednesday.
Global markets tumbled Wednesday after President Donald Trump unveiled his long-anticipated tariffs in an address at the White House Rose Garden, sending shockwaves through stock indexes and hammering shares of companies reliant on global supply chains.
US stock futures, which indicate the direction of the market once regular trading commences on Thursday, reacted instantly. S&P 500 futures dropped 3.5%, while Nasdaq 100 futures tumbled more than 4.3%. Dow Jones Industrial Average futures cratered as much as 1,000 points.
Fueled by anxiety over Trump’s often on-again, off-again tariff policy, Wall Street is already licking its wounds after wrapping up the worst quarter since 2022.
The market climbed slightly ahead of Trump’s «Liberation Day» tariff announcements, with investors eyeing the potential for a milder approach to trade policy.
