US stocks dip sharply after Trump announces tariffs of at least 10%

[mahatmakanejeeves]

Source: USA TODAY

MARKETS
US stocks dip sharply after Trump announces tariffs of at least 10%

Andrea Riquier
USA TODAY
Published 6:30 a.m. ET April 2, 2025 * Updated 5:03 p.m. ET April 2, 2025

U.S. stocks turned sharply lower in after-hours trading after President Donald Trump announced sweeping new tariffs of at least 10% on imports from all trading partners.

The broad S&P was down 1.8%, the Dow Jones Industrial Average was 0.6% lower, and the tech-heavy Nasdaq slid more than 2.4%. Stocks gained during the trading day on Wednesday as investors awaited more clarity from the White House, but lost ground after the closing bell as the president laid out his plans.

The S&P 500 added 37.90 points, 0.7%, to close at 5,670.97. The Dow gained 235.36 points to hit 42,225.32, up about 0.6%, and the Nasdaq tacked on 151.16 points or 0.9% to close at 17,601.05.

{snip}


Read more: https://www.usatoday.com/story/money/markets/2025/04/02/stocks-trump-tariffs/82767450007/

[unblock]

1. Did he say anything that wasn't expected? Why are futures tanking?

That broad-based 10% tariffs would be announced today was old news.

So what's changed enough to roil futures?

[UpInArms]

3. This morning, they were all about how TFG cares about the market

this showed he does not … they thought there would be far less and fewer

[Bengus81]

4. They would have waited to see if he flip flopped again.

[Bernardo de La Paz]

7. MarketWatch Headline: "Stock futures tumble as Trump unveils higher tariffs than expected." . . . nt

[Mike 03]

10. According to the pundits...

You know pundits, so take it for what it's worth (very little), but the experts and pundits on Bloomberg Radio attribute this to the fact there will be no exemptions or carve-outs for particular sectors or companies.

By tomorrow morning, there might be a more thoughtful explanation, but that's it for now.

[Bernardo de La Paz]

15. +Headline: "Trump's tariffs amount to 'worse than worst-case scenario' as investors brace for stock-market beatdown"

[IronLionZion]

28. No one should be surprised by this

yet here we are. Not everyone thinks the way liberals do, apparently. Some thought he might be bluffing?

[UpInArms]

2. Lovely ... I am truly trilled to have a 10% tax added to everything

What a stupid dolt!

He gives stupid dolts a bad name! What an utter imbecile …

This country will never regain its footing.

[wolfie001]

19. But, but, but

Think of all those factories the billionaires will build 20 years? from now!!!

[Justice matters.]

21. Full of robots...

Very little human presence anywhere to be seen in them.

[wolfie001]

22. Yes! This!

Any manual labor would be 13.50/hr with zero bennies. Reaganomics redux. No thanks

[Justice matters.]

23. Any way you look at it, the manual workforce is not there to fill openings.

https://www.uschamber.com/workforce/understanding-americas-labor-shortage

We hear every day from our member companies—of every size and industry, across nearly every state—that they’re facing unprecedented challenges trying to find enough workers to fill open jobs. Right now, the latest data shows that we have 8 million job openings in the U.S. but only 6.8 million unemployed workers.

Back a hundred and twenty years ago, all the MANUAL jobs were taken from the massive European exodus. The job openings, then, didn't require high-education skills. Only big biceps and strong legs (and not too many hours of sleep and pleasure...).

[Bengus81]

5. Again...don't buy one FUCKING thing you that you don't need to survive. Put off any major

purchases.

[progree]

6. Investing.com - as far as i know, the panel on the right -- "US 30" is the DOW and "US 500" is the S&P 500 that includes

Last edited Thu Apr 3, 2025, 02:50 AM - Edit history (3)

futures activity. As I type this they are down 0.54% and down 1.62% respectively.

https://www.Investing.com

Next down the list is "Dow Jones" (up 0.56% for the day) and "S&P 500" (up 0.67% for the day) and that gives its closing price for the day (April 2 at 4 PM EDT).

As for the graphs, the times are apparently GMT (Subtract 4 from the GMT times to get EDT).
And the dates are dd/mm, e.g. 02/04 for April 2.

Or on the left 2/3, click on Indices Futures for the exact times of the last readings

Another one: https://www.cnn.com/markets/premarkets

[Bernardo de La Paz]

8. Those are either proxies for the indices or for the names of the indices because index names are trademarked. . . nt

[Bernardo de La Paz]

16. Because the market was expecting clarity and tariff taxes less than feared. The got higher than feared and no clarity.

The 3 major futures indices are down 2.3 %, 3.4%, and 4.3%.

[Mike 03]

11. Did the U.S. dollar weaken too? I could swear one of the Bloomberg hosts

just said the dollar lost something something while the Orange Shitbird was yapping.

[RazorbackExpat]

24. It's already lost 2 yen, or 1.3 cents, versus the Japanese yen

Meanwhile, Trump slapped a 24% reciprocal tariff on Japanese goods. And the Nikkei is way down. He's really starting to piss people off here in Japan. When you piss off laid-back countries like Japan and Canada, you're definitely doing something wrong

[LS_Editor]

12. Trump is the type of guy who pisses into the wind.

Clearly.

[FloridaBlues]

13. Is the 10% baseline included for the countries on his chart or is it another 10% on top of what countries

Will be charged?

[Bernardo de La Paz]

17. I think it is 10% on everything and the rest is extra on top, but there is nothing like the required clarity. . . . nt

[FloridaBlues]

20. After searching yes your right the 10% is on top of tariffs

God help our bank accounts!

[progree]

14. Dow futures down 955 points (-2.3%), S&P 500 futures down 3.4%, 631 PM EDT. That's serious futures activity

https://www.Investing.com
Another one: https://www.cnn.com/markets/premarkets

More about the first one in #6

[OilemFirchen]

18. Buy the rumor, sell the news.

Except for momo traders, market makers are still pretty traditional.

Edited to properly name market weirdos.

[Cheezoholic]

25. The POS whipped out his financial sharpie with those idiotic charts. Doomed we are so n/t

[C_U_L8R]

26. With Trump, we're losing our shirts. We're losing everything.

It's true, everything Trump touches dies. Now it's our turn and there's no one left to save us. But us.

[IronLionZion]

27. They promised to lower prices

We're not going to like how it's done.

[BurnDoubt]

29. SOMEBODY made money today...

I wonder who? The Uglyarchs have control of the system. They NEVER lose money unless they do stupid shit (Edolph!). Every other day SOMEBODY jerks-off the stock market and there's a sell-off (and a buy-up) and then another jerk and rinse-and-repeat. This is what it's like to lay down with a Boa Constrictor. Buy Klepto! Yeah! That's It!!!!! (They own that, too.)

[Miguelito Loveless]

30. Gosh, could they soften reality any more

with that headline?