A trader works on the floor of the New York Stock Exchange in New York City, USA on March 28, 2025.
Jeenah Moon | Reuters
U.S. stock futures fell Sunday night as traders unfolded “Liberation Day” to clarify President Donald Trump’s tariff plan.
Futures related to the Dow Jones industrial average fell 172 points, or 0.4%. S&P 500-year futures and Nasdaq 100 futures fell 0.5% and 0.7%, respectively.
A series of tariffs that the Trump administration will take effect on Wednesday will take effect on Wednesday – which Trump calls “liberation day” which includes a 25% tax on “all cars not made in the United States.” The president is also expected to announce his reciprocal tariff plan.
Uncertainty surrounding tariffs has been a hangover of stocks, dragging stocks to lower stocks again on Friday to end the last trading week in March. Trump did nothing to relieve his fears over the weekend The Wall Street Journal reported on Sunday The president has prompted his advisers to become more aggressive in terms of tariffs in recent days. In an interview with NBC News on Saturday Trump says he “doesn’t care” If foreign automakers raise prices due to these new tariffs.
Hopefully investors will get some clear trading partner impact on Wednesday and through the impact of new responsibilities, writes Emmanuel Cau, an equity strategist at Barclays.
“Tariff risks have been well-tweeted and are priced in the corners of the market. So, the liberation day may not be shocking. But no one can win the trade war, and the clouds are gathering together because of the global growth prospects,” Cau wrote in a note on Friday. “The negotiations could begin after April 2, leading to uncertainty over the scope, level and timing of the final tariffs for a long time.”
Against this growing trade and economic problem, all three main averages are gradually ending. The S&P 500 fell 6.3% for the month, and the Dow Jones industrial average lost 5.2%. Nasdaq’s technology-heavy composite materials are already 8.1% easier.
Investors will also look forward to a large amount of economic data this week, most notably the March Work Report, which will be released on Friday, April 4 at 8:30 a.m. ET.
