Markets Continue to Plunge Over Tariff News

U.S. stock futures dropped sharply on Sunday, April 6th indicating further market turmoil following a historic two-day crash.

Transcript

00:00U.S. stock futures dropped sharply Sunday evening, pointing to further market turmoil

00:04following a historic two-day sell-off last week.

00:08The decline was triggered by President Trump's announcement of sweeping tariffs, including

00:12a 10% baseline rate on all imports and even higher rates on specific countries, leading

00:17to fears of a global trade war and recession.

00:21In response, top administration officials defended the policy, predicting a long-term

00:25economic boom despite immediate market losses and increased consumer costs.

00:31The tariffs have prompted significant global retaliation, with countries like China imposing

00:36their own tariffs in response.