Equity futures sink, gold rises after Trump imposes tariffs

Before the announcement, the Dow Jones Industrial Average had closed up 235.36 points, or up 0.56 per cent, to 42,225.32, while the S&P 500 rose 37.90 points, or 0.67 per cent, to 5,670.97. After the announcements, the euro was up 0.38 per cent at US$1.0834 while sterling strengthened 0.54 per cent to US$1.2989. US crude fell 0.27 per cent to US$71.00 a barrel after settling up 0.72 per cent, while Brent fell to US$74.07 per barrel, down 0.59 per cent after settling at US$74.95 per barrel.