Day: April 2, 2025

LIVE: President Trump Big Tariff Announcement on Liberation Day | US Market | Trump Tariffs | CNBC TV18
U.S. President Donald Trump launches a new barrage of tariffs, a bid to boost U.S. manufacturing that could risk plunging the economy into a downturn and shredding decades-old alliances. Trump’s self-described plan for “reciprocal” tariffs follows new 25% taxes on auto imports and levies against China, Canada and Mexico as well as expanded tariffs on steel and aluminum, all of which are starting to impact expectations of inflation climbing and growth stagnating.
President Donald Trump is set to announce the details of his “Liberation Day” plan at 4 p.m. ET, as he aims to redraw economic agreements with US trading partners. Trump and his team were still weighing options as of late yesterday, with no final decision made yet ahead of the Rose Garden announcement.
US stock futures were lower Wednesday morning ahead of President Donald Trump’s “Liberation Day” tariffs, set to be unveiled at 4 p.m. ET. Dow futures were lower by 311 points, or 0.74%. S&P 500 futures fell 0.95%. Futures tied to the Nasdaq 100 slid 1.15%.
Stocks are coming off two volatile sessions this week. The S&P 500 on Monday sank as much as 1.65% in the morning before fluctuating and closing 0.55% higher. The index on Tuesday fell 0.95% in the morning but closed 0.38% higher.
Wall Street is eager for a boost in markets on more clarity about Trump’s tariffs, though some investors acknowledge that uncertainty might linger beyond this afternoon’s announcement.
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