Trump’s Tariff Threats Shake U.S. Equity Futures
- Main event, leadership changes, market impact, financial shifts, or expert insights.
- Nasdaq futures see 2% decline.
- Gold rises on safe-haven demand.
The market reaction underscores the impact of Trump’s announcement, with increased volatility indicating potential shifts in trading sentiments.
Donald Trump has announced tariffs that target Apple and the European Union. Nasdaq futures have extended losses to 2%, as S&P 500 and Dow Jones futures fell 1.6%. Trump’s declaration notably impacts the global markets.
“Any iPhone sold in this U.S. must be made in the U.S., and Apple (AAPL) would have to pay a tariff ‘of at least 25%’ if that doesn’t happen.” – Donald Trump, President, United States
Donald Trump directly implicated Apple, stating tariffs on iPhones unless production shifts to the U.S. He threatened a 50% EU tariff due to trade discussion setbacks. These statements resulted in a 3% premarket drop in Apple’s shares.
U.S. stock futures fell sharply, with Nasdaq dropping by 2% after Trump’s tariffs announcement. The U.S. dollar also weakened, showing deteriorated risk sentiment. Gold’s 1.6% increase indicates a shift towards safe-haven assets.
Such announcements reflect Trump’s ongoing influence over market sentiment, especially through tariff threats. Historically, Bitcoin and Ethereum have reacted to these shifts, showcasing Bitcoin’s role as a potential safe-haven asset.
Analyzing historical reactions to tariff threats, Bitcoin and Ethereum often see heightened interest. Equity market turmoil sometimes favors crypto trading volumes, though no specific altcoin impacts have been documented directly linked to Trump’s recent statements.
