Stock futures crash as Trump tariff fight escalates

Markets tumble as Trump tariff battle heats up

U.S. stock futures plunged and global markets slid as Trump’s sweeping tariffs took effect. With recession fears mounting and JPMorgan sounding the alarm, Wall Street braces for more pain.

Markets tumble as Trump tariff battle heats up

U.S. stock futures nosedived Monday morning as markets brace for more fallout from President Trump’s aggressive new tariffs. The S&P 500, Nasdaq 100, and Dow futures all fell between 4%–5%, extending a massive two-day sell-off that already wiped over $5 trillion from the market.

The Nasdaq is officially in bear market territory, oil prices dropped below $60, and global markets are also sliding as concerns grow that Trump won’t back down. He said Sunday that markets may need to “take medicine,” but denied trying to crash stocks.

 

Compare Top Forex brokers and start trading and investing with a trusted partner

 

New 10% tariffs kicked in over the weekend, with more coming Wednesday. China and the EU are already preparing countermeasures. Meanwhile, JPMorgan became the first major bank to forecast a U.S. recession later this year, citing the tariffs’ economic impact.

Trump officials defended the moves, claiming negotiations are underway with over 50 countries, though the administration insists the tariffs will stay in place for “days and weeks.”

 

Subscribe for our newsletter

Get Forex brokers reviews, market insights, expert analytics and education material right into your inbox for free!

You can unsubscribe any time by clicking the link in our letters.