US equity futures are indicating a sharply lower open amid heavy declines in American retailers and multinationals with operations in Asia. European markets have opened well in the negative territory, following plummeting Asian sessions. Global markets are digesting Trump's tariff announcement. EU vowed a response, China indicated unspecified countermeasures, Korea's acting president called for negotiations with the US and Japan is keeping its options open. The UK said it would keep negotiating for a trade deal but escaped the worst with the just baseline tariff.

Companies mentioned: Ford Motor, Brookfield Asset Management