TL;DR (Quick Summary)
🚨 Trump’s global tariff order just triggered a market-wide sell-off:
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Dow, S&P 500, and Nasdaq futures all tumbled
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Asian markets slide, India and Taiwan hit hard
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Apple and Amazon earnings add fuel to the volatility
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All eyes on July Jobs Report and Fed’s next move
Nasdaq futures dip Nasdaq chart trending down
🗞️ Market in Panic: US Stock Futures Slide After Trump’s Global Tariffs
Stock futures dropped sharply Friday morning as Wall Street reacted to President Trump’s massive new tariffs affecting nearly every major US trading partner.
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Dow Jones Futures (YM=F): -0.88%
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S&P 500 Futures (ES=F): -0.93%
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Nasdaq 100 Futures (NQ=F): -1.03%
“Markets hate shocks. And this is a full-on trade war escalation,” said a market analyst on CNBC.
The selloff intensified following Trump’s executive order targeting India, Taiwan, Brazil, South Korea, and Canada with new duties ranging from 15% to 41%, many going into effect next week.
🌍 Global Fallout: Who’s on the Tariff Hit List?
| Country | Tariff Rate |
|---|---|
| 🇮🇳 India | 25% |
| 🇹🇼 Taiwan | 20% |
| 🇧🇷 Brazil | 50% (excl. energy) |
| 🇰🇷 South Korea | 15% |
| 🇨🇦 Canada | 35% |
Trump’s “Liberation Day” tariffs could redraw the global trade map. While some countries got a 7-day grace period for negotiation, markets didn’t wait.
“We’re rewriting trade,” Trump said. “We’ve been taken advantage of for decades.”
🌐 Asia Reacts: KOSPI Crashes 3%, Nikkei Dips
Asian markets tanked overnight:
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🇰🇷 KOSPI: -3.88%
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🇹🇼 Taiwan: -0.9%
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🇯🇵 Nikkei: -0.4%
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🌐 MSCI Asia-Pac: -0.7%
The mood was grim across global exchanges as investors prepared for retaliatory moves and inflationary consequences.
📊 Apple & Amazon: Mixed Bag After Earnings
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🍏 Apple (AAPL): iPhone sales stronger than expected, stock steady
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🛒 Amazon (AMZN): Beat estimates but cloud division weakness caused stock to tumble over 8%
Tech offered no real cushion as broader markets reeled from trade chaos.
📉 Next Danger: July Jobs Report
The next major catalyst: Friday’s Non-Farm Payrolls report
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Estimated job gains: +105,000
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Unemployment rate: expected to tick up to 4.2%
With inflation rising and jobs slowing, the Fed’s rate cut timeline could shift. Investors are watching closely.
“Consumers still drive the economy. If jobs slow and spending drops, brace for impact,” said ADP’s chief economist.
🧠 Strategic Takeaway for Traders
| Event | Risk Level |
|---|---|
| Global Tariffs | 🚨 Very High |
| Fed Rate Cut Delay | ⚠️ Moderate |
| Earnings Disappointments | ⚠️ Moderate |
| Retaliatory Tariffs | 🚨 Very High |
| Currency Fluctuations | ⚠️ High |
Prepare for volatility. Hedging strategies and sector rotation into defensives may be key.
