Global Markets Crash Live Updates: European indices likely take a hit on Trump tariff war woes

Posted by Admin February 3, 2025 World

Global Markets Crash Live Update: US stock futures sold-off sharply on Sunday night, in response to Donald Trump’s tariff imposition on Canada, Mexico and China, in what may be a precursor to a tumultuous week ahead for global equities. The Dow futures are down over 670 points as of 12:10 AM Eastern Time, the S&P 500 futures are down close to 2% or over 125 points, while the Nasdaq futures are also down close to 600 points.

Global Markets Crash Live Update: US President Donald Trump has imposed new tariffs on imports from Canada, Mexico, and China, effective this Tuesday. The move follows escalating trade tensions, with Canada and Mexico quickly retaliating, and China planning countermeasures. In 2023, US trade with North America amounted to $1.8 trillion, while trade with China totalled $643 billion, underscoring the significance of the US’s economic ties with its neighbours.

US stock futures sold-off sharply on Sunday night, in response to Donald Trump’s tariff imposition on Canada, Mexico and China, in what may be a precursor to a tumultuous week ahead for global equities. The Dow futures are down over 670 points as of 12:10 AM Eastern Time, the S&P 500 futures are down close to 2% or over 125 points, while the Nasdaq futures are also down close to 600 points.