Summary
U.S. stock futures dropped sharply Sunday night following last week’s historic $6.6 trillion market wipeout, as Trump’s aggressive new tariffs roiled global markets.
S&P 500 futures fell 2.8%, Nasdaq 3.7%, and Dow futures plunged 900 points. Asian markets tanked; Japan’s Nikkei dropped over 6%.
Trump defended the tariffs, calling them a “beautiful thing” and vowing to reverse trade deficits. China retaliated with 34% tariffs.
Analysts warned of a potential economic contraction, rising unemployment, and severe impact on tech. Critics urged Trump to reconsider or risk economic disaster.
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