US stock futures declined on Friday as President Trump’s tariffs triggered a selloff on Wall Street. On Thursday, the Dow Jones Industrial Average tumbled, contributing to a broad market downturn. The market reacted negatively to the proposed tariffs and the uncertainty surrounding potential trade negotiations.
- The Dow Jones Industrial Average tumbled 3.98% on Thursday.
- The selloff was triggered by President Trump’s unveiling of a 10% baseline tariff on all imported goods.
- Fears of global retaliation and threats to trade stability and economic growth contributed to the decline.
- President Trump later signaled openness to trade negotiations.
The Dow Jones experienced a significant decline due to newly announced tariffs, raising concerns about the potential for trade wars and their impact on economic growth. The market volatility and uncertainty surrounding trade policies are negatively affecting investor sentiment. However, indications of possible trade negotiations could potentially offer some reassurance.