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Fortune

Stuart Dyos

Dow futures sink 1,300 points after Trump defends tariffs as 'medicine' to fix trade deficit

Donald Trump Nasdaq Larry Summers Scott Bessent Dow Jones Industrial Average Inflation JPMorgan United States

Traders on the floor of the New York Stock Exchange as stocks fall. (Credit: Spencer Platt—Getty Images)

US stocks are poised to continue their scorching free fall as futures signaled more fear over President Donald Trump's tariffs. Administration officials and Trump himself signaled on Sunday that they won't back down from their aggressive stance. Meanwhile, an inflation report is due later this week as well as bank earnings.

Wall Street remained in fear mode over President Donald Trump's tariffs on Sunday evening as futures pointed to more steep losses.

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