FX.co ★ US Futures Drop as Market Rout Deepens

U.S. stock futures continued their decline on Monday, marking the third consecutive session of market downturn, as the White House persisted in advocating for aggressive tariffs on key trading partners despite the ongoing selloff. Futures for the Dow Jones Industrial Average and the S&P 500 dropped approximately 4%, while those for the Nasdaq 100 decreased by an additional 5%. The recent wave of selling started on Thursday after President Donald Trump announced unexpectedly high reciprocal tariffs. This announcement led to the Dow Jones Industrial Average losing 7.9% over the week, with the S&P 500 and Nasdaq Composite falling by 9.1% and 10%, respectively. On Friday, China escalated tensions by imposing a 34% tariff on all U.S. imports rather than opting for negotiations, thereby heightening investors' concerns. Furthermore, reports suggested that Canada and the European Union were considering adopting a similar stance as China. Despite these developments, the Trump administration over the weekend downplayed the market's reaction to the selloff and reaffirmed its intent to implement the tariffs as originally planned.