Markets recoiled Friday morning after President Trump unveiled a dramatic new wave of tariffs, sending U.S. stock futures sharply lower ahead of the open. Dow futures dropped 1.43%, the S&P 500 fell 1.46%, and Nasdaq 100 futures plunged 1.73% - a stark reaction to an increasingly aggressive trade posture from the White House. Leading the charge, Trump announced a "straight” 50% tariff on all goods from the European Union, effective June 1, citing what he called the EU's "unfair trade practices” and a $250 billion annual trade deficit. In a fiery Truth Social post, Trump accused the EU of erecting "powerful Trade Barriers," leveraging VAT taxes, and waging "unjustified lawsuits” against U.S. companies.