U.S. stock futures and markets have taken a sharp dive in response to the announcement of new tariffs by President Trump, which include a 10% baseline on all imports. Following this development, the Dow closed over 700 points lower, recording its worst performance since 2022. Investors are flocking to bonds, gold, and the yen, as fears of a trade war and an economic downturn grow. The market’s volatility reflects widespread anxiety about the implications of these tariffs on global trade and domestic economic stability. Analysts warn that the move could backfire, with potential ramifications echoing historical economic warnings. The situation continues to unfold, leaving many investors reassessing their strategies amidst this turmoil.