June S&P 500 E-Mini futures (ESM25) are down -1.01%, and June Nasdaq 100 E-Mini futures (NQM25) are down -1.21% this morning as risk sentiment took a hit ahead of U.S. President Donald Trump’s deadline for a new round of comprehensive global trade tariffs.
Market participants nervously brace for a wave of import tariffs taking effect on April 2nd, a day U.S. President Donald Trump has labeled “Liberation Day.” President Trump is expected to unveil plans for so-called “reciprocal tariffs,” targeting countries that export more to the U.S. than they import. Trump on Sunday stated that reciprocal tariffs would initially target “essentially all” countries and reportedly urged his advisers to adopt a more aggressive approach to trade policies. Also, a recently announced 25% tariff on auto imports is set to take effect at 12:01 a.m. Washington time on April 3rd. Investors are becoming increasingly worried about the impact of these tariffs on the U.S. and the global economy.
