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Matthias Knab, Opalesque:

S&P 500 futures are experiencing an unusually sharp decline in the early hours of this morning, falling more than 3%, while Nasdaq 100 futures are down more than 3.5%.

US stocks are poised for a very negative opening as they anticipate the consequences of Donald Trump's announcement of sweeping tariffs, which have exacerbated concerns about the trajectory of domestic and global economic growth and prompted retaliatory actions, particularly from China and Europe.

Yesterday, on what Trump called "Liberation Day," Trump announced his plan for sweeping tariffs. These tariffs include a 10% base tariff, escalating through reciprocal tariffs based on tariffs imposed by other countries on US imports, or what Trump considers unfair trade practices. This is in addition to a 25% tariff on all auto imports.

These tariffs have renewed concerns about a slowdown in global economic growth and the deep disruption to global trade flows. For example, European Commission President Ursula von der Leyen stated that these tariffs are a blow to the global economy, which will in turn suffer massively.

These tariffs, for example, could threaten the nearly $9.5 trillion in trade and investment flowing between the United States and the European Union, according to an estimate by the American Chamber of Commerce to the European Union in March. The trade war also threatens the growth of the US economy itself, with multiple forecasts of a slowdown......................

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