Stock Futures Plunge on Trump Tariff Threats, Safe Havens Gain
Global markets reeled as President TRUMP announced aggressive new trade measures, including a 25% tariff on Apple iPhones manufactured outside the US and 50% levies on EU imports. The Dow Jones Industrial Average futures plummeted 527 points in early trading, with S&P 500 and Nasdaq futures dropping 1.3% and 1.6% respectively.
Investors rushed toward traditional SAFE havens, pushing gold up 1.7% and sending Treasury yields lower. The tariff uncertainty has caused companies to delay earnings guidance, contributing to weekly losses across major indices.
While the announcement primarily impacts traditional markets, cryptocurrency traders are monitoring for potential capital rotation into digital assets as risk appetite shifts. Bitcoin and Ethereum often benefit during periods of macroeconomic instability, though no immediate price movements were observed following the news.