European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Dollar Holds Near Two-Month High as Yen Approaches 160 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
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U.S. stock index futures plunged Wednesday evening following President Donald Trump’s surprise announcement of sweeping new tariffs. All imported goods will face a baseline 10% tariff starting April 5, with significantly higher rates for select countries beginning April 9.
S&P 500 Futures dropped 3.6% to 5,505.25, Nasdaq 100 Futures fell 4.5% to 18,875.50, and Dow Jones Futures slid 2.5% to 41,443.0 by 20:02 ET (00:02 GMT). The sharp decline came as investors feared inflation and potential trade retaliation.
Trump’s announcement includes a 34% tariff on Chinese goods on top of existing 20% duties, while the EU, Japan, and others face 20% to 49% rates. Although Canada and Mexico are exempt from the 10% base rate due to trade agreements, they are still subject to 25% tariffs on most goods. A separate 25% tariff on foreign-made cars and auto parts will begin April 3, 2025.
The president defended the move, citing unfair trade practices and currency manipulation, aiming to boost U.S. manufacturing and reduce the national debt. However, markets reacted negatively, with analysts warning of economic disruption.
ING analysts noted the measures could eventually benefit the U.S. economy but predicted a challenging adjustment period.
Before the tariff news, U.S. stocks closed higher on Wednesday, with the S&P 500 up 0.7%, the NASDAQ Composite gaining 0.9%, and the Dow Jones rising 0.6%. Tesla (NASDAQ:TSLA) shares closed 5.3% higher amid rumors that CEO Elon Musk might step down from a government role—claims Musk later called “fake news.” However, Tesla's Q1 deliveries fell short at 336,681 vehicles versus a 390,000 estimate, sending shares down 7.7% in after-hours trading, reflecting broader market unease.
