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