Fri Aug 01 10:10:00 UTC 2025: ## Market Plunges as Trump Imposes New Tariffs; Amazon Suffers Earnings Blow

**New York, NY – July 31, 2025** – Futures markets took a sharp downturn Friday morning following President Donald Trump’s announcement of new tariffs imposed on numerous countries, including a significant increase on Canadian goods. Dow Jones futures, along with S&P 500 futures and Nasdaq futures, all experienced notable declines.

Adding to the market woes, Amazon.com (AMZN) shares plummeted following disappointing earnings reports.

The market’s response is particularly sensitive ahead of the release of the July jobs report, which investors are closely watching for indicators of economic health.

Other notable companies affected by the market volatility include Apple (AAPL), Roku (ROKU), Coinbase (COIN), Reddit (RDDT), Cloudflare (NET), and KLA Corp. (KLAC).

The tariff hikes and Amazon’s struggles are raising concerns about the potential impact on global trade and economic growth. Investors are urged to exercise caution in this volatile market environment.

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