{"id":15475,"date":"2025-04-07T16:25:10","date_gmt":"2025-04-07T16:25:10","guid":{"rendered":"https:\/\/www.watanserb.com\/en\/?p=15475"},"modified":"2025-04-07T16:25:24","modified_gmt":"2025-04-07T16:25:24","slug":"markets-rattled-as-trumps-tariffs-trigger-major-stock-futures-plunge","status":"publish","type":"post","link":"https:\/\/www.watanserb.com\/en\/2025\/04\/07\/markets-rattled-as-trumps-tariffs-trigger-major-stock-futures-plunge\/","title":{"rendered":"Markets Rattled as Trump\u2019s Tariffs Trigger Major Stock Futures Plunge"},"content":{"rendered":"

Watan<\/strong><\/em>-U.S. stock futures dropped sharply Sunday evening as markets continued to signal a selloff following President Donald Trump\u2019s sweeping reciprocal tariffs on America’s trade partners.<\/p>\n

Futures for the Dow Jones Industrial Average fell by more than 1,700 points at 6 p.m. on Sunday, suggesting what could be a disastrous day on Wall Street when markets open at 9:30 a.m. Monday, The Hill reported.<\/p>\n

The Dow and other markets had already suffered through a brutal Thursday and Friday, impacted by Trump\u2019s tariff policy and fears of retaliatory moves from other countries. The Dow Jones lost nearly 4,000 points across those two days.<\/p>\n

\"Trade
Former U.S. President Donald Trump<\/figcaption><\/figure>\n

Cramer Warns of ‘Black Monday’ Repeat<\/strong><\/h3>\n

Even Jim Cramer, host of CNBC\u2019s \u201cMad Money,\u201d warned of a potential \u201cBlack Monday\u201d-like event \u2014 a reference to the 1987 market crash \u2014 if Trump followed through with his tariff plans. That event saw the Dow plunge 22.6% in a single day.<\/p>\n

\u201cIf the president doesn\u2019t reach out to countries and companies that follow the rules and reward them, then the 1987 scenario\u2026 where the economy dropped for three days and then fell 22% on Monday, becomes the most likely,\u201d Cramer said on his show Saturday, according to the New York Post.<\/p>\n

Trump administration officials spent Sunday defending the tariffs amid growing concerns about the economy.<\/p>\n

\"resident
Donald Trump<\/figcaption><\/figure>\n

White House Defends Tariffs Amid Market Jitters<\/strong><\/h3>\n

Kevin Hassett, Director of the National Economic Council, insisted during an appearance on ABC\u2019s This Week that the hefty tariffs would not have \u201ca major impact on U.S. consumers.\u201d Meanwhile, Treasury Secretary Scott Besant described the tariffs on NBC\u2019s Meet the Press as a \u201cone-time price adjustment.\u201d<\/p>\n

Trump defended the tariffs<\/a> he announced Wednesday and imposed the next day, saying other countries had taken advantage of the U.S. for decades, while presidents from both parties failed to do enough to protect American workers and manufacturers.<\/p>\n

He also suggested that people should buy stocks at low prices and ignore the losses, noting that \u201cmarkets go up and down.\u201d<\/p>\n

Senator Roger Marshall (R-Kansas) told Chris Stirewalt on The Hill Sunday that while his long-term goal is \u201czero tariffs,\u201d he believes Trump must protect American farmers and manufacturers for now.<\/p>\n

The administration has sent mixed signals about how long the tariffs will remain in effect.<\/p>\n

Several officials indicated Sunday that countries were rushing to negotiate with the administration to ease the tariff burden.<\/p>\n","protected":false},"excerpt":{"rendered":"

Watan-U.S. stock futures dropped sharply Sunday evening as markets continued to signal a selloff following President Donald Trump\u2019s sweeping reciprocal tariffs on America’s trade partners. Futures for the Dow Jones Industrial Average fell by more than 1,700 points at 6 p.m. on Sunday, suggesting what could be a disastrous day on Wall Street when markets …<\/p>\n","protected":false},"author":1,"featured_media":14124,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[4676,1771,4677],"class_list":["post-15475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-black-monday","tag-donald-trump","tag-global-markets"],"yoast_head":"\nMarkets Rattled as Trump\u2019s Tariffs Trigger Major Stock Futures Plunge - Watan<\/title>\n<meta name=\"description\" content=\"U.S. stock futures dropped sharply after Trump\u2019s sweeping tariffs, with the Dow down over 1,700 points. 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