The future for the S&P 500 dropped 3% while that for the Dow Jones Industrial Average lost 2 per cent, auguring potential losses when US markets reopen on Thursday.
Trump said he was imposing a 24 per cent reciprocal tariff on Japan, one of the United States' closest allies.
Asian markets and US futures tumbled Thursday following US President Donald Trump's announcement of big increases in tariffs on imports of goods from around the world.
The story "Asian markets slip following Trump's 'reciprocal' tariffs announcement" has 811 words across 33 sentences, which will take approximately 4 - 7 minutes for the average person to read.
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