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Last amazon.com, inc. earnings: 4/30 04:01 pm
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"The tariffs were definitely worse than we had anticipated," Deutsche Bank senior US economist Brett Ryan told Yahoo Finance. For example, Chinese imports are set to be hit by a 34% tariff while imports from the European Union will be dealt 20% tariffs. Trump said the tariff calculations were actually only "half" of what they could've been had the administration chose to match White House estimates of how other countries tariff the US. Stocks sold off sharply following Trump's announcement. The decline in US stock futures was led by Nasdaq 100 futures, which were down more than 4.5% near 6:15 p.m. ET. S&P 500 futures were down 3.5% while contracts tied to the Dow were off closer to 2.2%. Megacap tech stocks were under heavy selling pressure in extended trading, with Apple stock down more than 6% and Nvidia ( NVDA ), Meta ( META ), Amazon ( AMZN ), and Tesla ( TSLA ) shares each sliding more than 4%. Ryan added his team had expected the effective tariff rate to land in a ran
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