Trump’s Tariff Shock Slams Dow, S&P 500 & Nasdaq Futures

TL;DR (Quick Summary)

🚨 Trump’s global tariff order just triggered a market-wide sell-off:

• Dow, S&P 500, and Nasdaq futures all tumbled

• Asian markets slide, India and Taiwan hit hard

• Apple and Amazon earnings add fuel to the volatility

• All eyes on July Jobs Report and Fed’s next move

🗞️ 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.

• Dow Jones Futures (YM=F): -0.88%

• S&P 500 Futures (ES=F): -0.93%

• 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?

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:

• 🇰🇷 KOSPI: -3.88%

• 🇹🇼 Taiwan: -0.9%

• 🇯🇵 Nikkei: -0.4%

• 🌐 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

• 🍏 Apple (AAPL): iPhone sales stronger than expected, stock steady

• 🛒 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

• Estimated job gains: +105,000

• 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