Dow futures drop more than 650 points after Trump hits U.S. trading partners with tariffs
As investors considered new U.S. tariffs on goods from important trading partners and their possible effects on the economy and business profits, stock futures fell early Monday to begin a new trading month.
Dow Jones Industrial Average-linked futures fell 546 points, or 1.22%. Nasdaq-100 futures down 1.7%, while S&P 500 futures fell 1.4%.
The PresidentOn Saturday, Donald Trump imposed a 25% tariff on Canadian and Mexican imports. Additionally, he imposed a 10% tax on Chinese imports. Between the three nations, the U.S. does business worth approximately $1.6 trillion.
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