Markets Sell Off on Worse-Than-Expected US Tariffs | Bloomberg Brief 04/03/2025

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US equity futures sink as investors react to President Trump's latest round of tariffs - a general 10% global levy as well as higher, specific duties for around 60 countries. China and the EU - who receive an updated 54% and 20% US tariff rate respectively - vow responses. A 25% levy on the autos sector kicks off, and a 46% levy on Vietnam hits US retailers that manufacture there. Finland's Foreign Minister Elina Valtonen tells Bloomberg she hopes for fruitful negotiations to start as a result