New York
CNN
—
US stocks plunged in after-hours trading Wednesday as investors digested President Donald Trump’s decision to impose sweeping tariffs that could escalate a growing trade war and upend the global economy.
Dow futures plummeted more than 1,100 points, or 2.7%. S&P 500 futures sank 3.9%. Futures tied to the Nasdaq 100 plunged 4.7%.
US stocks had closed higher Wednesday afternoon ahead of Trump’s announcement on tariffs, but a selloff began as he unveiled his plan, holding up a chart that depicted how rates would increase for each country.
Key Asian stocks mostly sank shortly after…
