Summary
U.S. stock futures dropped sharply Wednesday evening after Trump announced sweeping global tariffs, including a 10% baseline on all imports and 25% on autos.
As of 6:30 p.m. ET, Dow futures fell 2.43%, S&P 500 futures 3.60%, and Nasdaq futures 4.46%, contrasting with modest gains earlier in the day.
Trump framed the move as “Liberation Day,” but investors and economists raised alarms.
Goldman Sachs now sees a 35% recession risk, citing falling consumer confidence and the administration’s readiness to endure short-term economic pain to advance its trade agenda.
He starts to remind me of Liz Truss, afraid he won’t leave office as soon as she did tho
I’d rather have the lettuce as president.