Trump's 'Reciprocal Tariffs' Measures Trigger Sharp Drop in US Stock Futures and Cryptocurrencies

BlockBeats News, April 3rd, after U.S. President Trump signed an executive order in the afternoon of April 2nd announcing the imposition of "reciprocal tariffs" on U.S. trading partners, major New York stock market index futures encountered a sharp decline in after-hours trading.

As of 6:35 p.m. Eastern Time, Dow Jones Industrial Average, S&P 500 Index, and Nasdaq Composite Index futures contracts fell by 2.43%, 3.6%, and 4.35%, respectively. New York crude oil futures fell by over 2.5% in after-hours trading. Cryptocurrency prices also saw a significant decline, with the price of Bitcoin dropping by over 4.5% to below $83,000. (FX678)