U.S. stock futures plunged following the tariff announcements, with the Nasdaq down nearly 4%, and the S&P 500 and Dow Jones futures falling around 3.3% and 2.7%, respectively. Companies reliant on international supply chains, such as Apple and Nike, experienced significant premarket sell-offs. 

In response to U.S. tariffs, China has imposed a 34% tariff on all American imports and filed a complaint with the World Trade Organization, accusing the U.S. of "unilateral bullying." This move has intensified fears of a prolonged trade war, with significant implications for global trade dynamics. ​ Details: • Targeted Goods: The tariffs affect a wide range of U.S. products, including agricultural goods and manufactured items. ​ • Economic Impact: Analysts predict that the escalating tariffs could disrupt supply chains and increase costs for consumers worldwide.  ​ • Diplomatic Efforts: Other nations are engaging in discussions to mitigate the impact and explore new trade agreements.