Investors flee U.S. stocks as markets react sharply to Trump’s tariff plan
Global markets reacted sharply and swiftly after President Donald Trump revealed his much-anticipated tariff plans Wednesday, with investors fleeing U.S. stock indexes and stocks of companies that rely on global supply chains plummeting.
S&P 500 futures, which indicate where it is likely to open Thursday, plunged 3%. Nasdaq 100 futures sold off by more than 4%, and Dow futures slid about 1,000 points, or 2%.
Those indexes just endured their worst quarter in years in large part because of growing concern about the economic impacts of Trump’s expected tariff plan.
Global markets also posted significant losses just minutes into their trading days. Japan’s Nikkei 225 index plunged more than 4.1%, and South Korea’s Kospi stock average fell…
