Trump Tariffs Live: 'Liberation Day' Looms as Globe Awaits Retaliatory Levies; Dow Futures in Focus
All eyes are on President Trump's tariff announcements.
Trump has set a deadline of Wednesday to announce the contours of a sweeping tariff plan, deeming April 2 'Liberation Day' for U.S. trade policy.
Investors have been on edge. Already, tariffs on everything from semiconductors to aluminum have roiled global markets and triggered a dash for havens such as gold and Treasurys. The S&P 500 has fallen 8.3% from its all-time high and just finished its worst quarter since 2022, while the tech-heavy Nasdaq has tumbled around 14% from its record.
The tariff fight has ignited worries about a slowdown in economic growth, driving a steep selloff in shares of small companies and sending the yield on the 10-year Treasury note to its lowest level of the year Tuesday.
In late trading Tuesday, stock futures edged higher.
After weeks of unease about how Trump's tariff plan will shake out, and which industries they will reshape, investors and business leaders around the globe are hoping for more clarity on the plans after the announcement in the Rose Garden Wednesday.
'Tomorrow's a big day,' said Sanjiv Bajaj, chairman and managing director at the Indian financial services company Bajaj Finserv.
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