TORONTO – The futures market pointed to a big drop for U.S. stock markets when trading begins today.
The move comes after U.S. President Donald Trump announced so-called “reciprocal tariffs” hitting just about every country around the world.
Trump announced the tariff hikes after the close of trading on Wednesday.
The announcement included a new 20 per cent tariff on the European Union and a 34 per cent levy on imports from China.
Stock markets in Europe and Asia were down following the news.
Stock markets in Canada and the U.S. open for trading at 9:30 a.m. ET.
This report by The Canadian Press was first published April 3, 2025.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
