India, April 2 -- The major U.S. index futures are currently pointing to a sharply lower open on Wednesday, with stocks likely to give back ground after ending yesterday's volatile session mostly higher.
The downward momentum on Wall Street comes amid concerns about the impact of President Donald Trump's reciprocal tariffs on U.S. trade partners.
Trump is scheduled to announce the new tariffs in a Rose Garden event shortly after the close of trading, with White House press secretary Karoline Leavitt indicating the new levies will be "effective immediately."
A report from Bloomberg said Trump's team is still finalizing the level and scope of the new import taxes he is slated to unveil.
Citing people familiar with the ongoing discussions,...