Trump Tariffs Tank Markets: Dow, S&P 500, and Nasdaq Futures Drop

TL;DR (💥 Quick Summary)

Trump just shook the global economy with sweeping tariffs on India, Taiwan, Brazil, and more.

• 🔻 Dow & Nasdaq futures drop

• 🔺 Apple & Amazon earnings in spotlight

• 🌏 Asian markets tank overnight

Get the latest breakdown on what this means for the market.

📉 US Stock Futures Retreat After Trump’s Tariff Storm

On Friday, U.S. stock futures dipped sharply after President Trump finalized a massive wave of global import tariffs targeting over 60 countries.

• Dow Jones Futures (YM=F): ↓ 0.4%

• S&P 500 Futures (ES=F): ↓ 0.4%

• Nasdaq 100 Futures (NQ=F): ↓ 0.5%

These losses followed a brutal Thursday as Wall Street priced in global trade tension and potential inflation spikes.

“This is Trump’s ‘Liberation Day’ tariff push,” one analyst said. “Markets hate uncertainty, and this just multiplied it.”

🧾 Who’s Hit by the Tariffs?

Trump’s executive order included:

• 🇨🇦 Canada: 35% tariffs (up from 25%)

• 🇮🇳 India: 25% on major exports

• 🇧🇷 Brazil: 50% tariffs, excluding some energy and agri sectors

• 🇹🇼 Taiwan: 20%

• 🇨🇭 Switzerland: 39%

• 🇲🇽 Mexico: 30% delayed for 90 days

The tariffs range from 10% to 41%, and apply to all non-exempted goods after a 7-day delay.

“We’re remaking the global trade order,” Trump said during a late Thursday press conference.

🌏 Asian & Global Market Reaction

The overnight sell-off spilled into Asia:

• 🇰🇷 South Korea KOSPI: -3.88%

• 🇹🇼 Taiwanese Index: -0.9%

• 🇯🇵 Nikkei (Japan): -0.4%

• 🇭🇰 Hang Seng (Hong Kong): +0.2%

• 🌐 MSCI Asia-Pacific ex-Japan: -0.7%

Markets fear retaliation and global supply chain disruption—especially in semiconductors, agriculture, and automotive.

📦 US Earnings: Apple, Amazon in Focus

While macro news stole the show, earnings from tech giants made headlines:

• 🍏 Apple (AAPL): Beat expectations, strong iPhone sales

• 🛒 Amazon (AMZN): Cloud business slowdown but still beat on revenue

Apple held up well, while Amazon showed mixed investor sentiment.

🧠 What Traders Need to Watch Next

Expect heightened VIX, sector rotation (toward defensives), and currency headwinds.