US stock futures plunge amid Trump trade war fears

U.S. stock futures plunged Monday after stocks reeled last week on worries President Donald Trump has ignited a trade war that will lead to higher prices and recession. Trump announced on Wednesday 10% tariff on all countries that went into effect over the weekend. Even higher tariffs on a list of specific countries that included many Asian nations are set to start April 9. China hit back, matching the 34% U.S. tariff with its own on all U.S. imports, while other countries around the world denounced Trump’s moves and threatened their own retaliatory tariffs. The surprisngly aggressive retaliatory tariffs pummled…