US stock futures collapsed early Thursday, with the Dow Jones sinking more than 1,000 points following President Donald Trump's announcement of sweeping new tariffs.
The policy introduces a blanket 10% levy on all imports, with significantly higher rates for many nations, igniting fears of a global trade war.
At 3:11 am ET, the Dow Jones Industrial Average futures dropped 1,000 points, or 2.37%. S&P 500 futures tumbled 3.9%, and Nasdaq-100 futures fell 3.46%. In currency markets, the euro was up 1.12% against the US dollar, selling at $1.09752.
