After U.S. President Donald Trump's sweeping tariffs announcement on April 2, 2025, rumors began to spread that right-leaning cable news channel Fox News had removed a live stocks ticker from the bottom of its screen to hide the fact that stocks were tumbling on planned duties on imports.

US equity futures are pointing towards more pain ahead on Wall Street after Thursday's rout wiped out over $2.5 trillion in market capitalisation. The Dow futures are currently trading 420 points lower,

The Dow, S&P 500 and Nasdaq fell sharply after Trump slapped tariffs on a host of countries including China, Vietnam, Taiwan, while also blasting the European Union. FOX Business is providing real-time updates on the markets,

Nissan Motor's luxury Infiniti brand has indefinitely paused production of two Mexico-built crossovers for the U.S. in response to the newly imposed 25% tariffs on imported vehicles by Trump.

It has strengthened this morning, following a plunge amid the tariff tumult. The pound is at a session low, now down by 0.8% and below $1.30. The euro has reversed an earlier rise against the US currency too.

US markets opened Friday with a drop, coming off the S&P 500's worst day since 2020 and following China's move to match President Trump’s big raise in tariffs.

The FTSE 100 has fallen as much as 4.3%, the worst drop since April 2020, and is on track for its biggest weekly fall since May 2022. Yields are plunging across the board, more in Europe and the US than for gilts,

Fallout continues after President Donald Trump's unveiling of severe tariffs against virtually all U.S. trading partners. Thursday was the worst day for U.S. stock markets since June 2020. China struck back on Friday,