Morning Business Report: Stock futures sink amid new tariffs, Dow drops 1,000 Points
Stock futures are sinking as markets react to President Donald Trump's announcement of sweeping new tariffs.
(LILAMAX)- Stock futures are sinking as markets react to President Donald Trump’s announcement of sweeping new tariffs. All major indices are down, with the Dow tumbling 1,000 points, the Nasdaq dropping 4.5%, and the Dow down 2.2% as trading opens today. The tariffs, which aim to promote U.S. manufacturing and address trade imbalances, are set at half the rate of…