US Futures shares fell after Trump’s tariff announcement

The reaction to the announcement of the big tariff of President Donald Trump did not take long to reach the United States stock market, with Dow Futures plummeted more than 1,000 points on Wednesday night.

Dow Jones Industrial Average fell 1,100 points or 2.7%. S& P 500 Futures lost 3.9% and NasdaQ-100 Futures fell 4.7%.

While Trump said the tariff would free the US from dependence on foreign goods, fears of the deeper international trade war seem to be reflected in the stock market soon afterwards.

Nike and Apple shares fell 7%, and Amazon fell more than 5% while Nvidia saw a loss of 4.5% and Tesla fell 6% on Wednesday.

American company shares that are very dependent on imported imported products, with dollar tree down 11% and five below see a loss of 15%.

During the event at the White House on Wednesday, Trump launched a series of base lines on all trading partners and what he called the “reciprocal type” tariff in the countries he claimed was the worst violators in trade relations with US US

“My American colleagues, this is the day of liberation,” Trump said from Rose Garden. “April 2, 2025, will forever be remembered when the American industrial day was born again, the American destiny day was reclaimed and our day began to make America rich again,” he said.

The President announced these steps will include a minimum basic tariff of 10% in all trading partners and, further, more targeting sentences in certain countries, including China, the European Union and Taiwan.

Trump raised the graphics with a list of countries and what new US rates were against them.

The above is China, which according to Trump is determined to be beaten with a tariff rate of 34% because he claims it demands the United States 67%.

The 34% reciprocal rate for China is an additional from the previous 20% tariff slapped by Trump in the country – carrying an effective tariff level to one of the largest US trading partners up to a total of 54%.

While the old effect of the newly printed Trump tariff will be seen, some experts told ABC News before Wednesday that these steps can threaten economic and work growth because the tasks slapped in the risk of risking the cost of increasing costs for businesses that rely on raw materials from abroad.

“If both business and consumers are starting to worry and withdraw their expenses, that’s what can make the US into the recession,” Kara Reynolds, an economist at American University, previously told ABC News.

Mark Zandi, head of economist at Moody’s Analytics, described the tariff as “food for economic decline.”

ABC News’ Max Zahn contributes to this report.