Dow futures drop as report says White House mulls global tariff of up to 20% on nearly all trading partners

Quick Summary:

Over the weekend, reports said Trump has pushed his advisers to get more aggressive on tariffs, including higher rates on a wider set of nations.

Fitch Ratings earlier estimated that if Trump carried out all his previously announced plans, the effective US tariff rate could hit 18% on average—the highest level in 90 years.

Intense discussions are ongoing ahead of Wednesday, which Trump has billed as “Liberation Day,” when his next batch of tariffs will be unveiled.

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Article Details

Author / Journalist: Jason Ma

Category: EconomyBusiness

Markets: United States

Topics: Tariffs and trade Economy Stock

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-30 @ 23:08:56 (2 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 620 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 155 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27453352

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Official Website: fortune.com

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Year Established: 1929

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News Last Updated: 8 hours ago

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