On April 2, 2025, U.S. President Donald Trump unveiled a comprehensive tariff strategy, imposing a universal 10% tariff on all imports and higher rates on specific countries, including a 34% tariff on Chinese goods. This move aims to address trade imbalances and bolster domestic manufacturing but has raised concerns about potential global economic repercussions. 

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.