US stock futures dropped on Friday. Nasdaq 100 futures sank 1%; S&P 500 futures down 0.87%; Dow futures down 0.76%.

The US bore the brunt of the selloff that raced through financial markets Thursday — with the S&P 500 suffering its worst day in five years — after Trump rolled out the highest tariffs in over a century, which are threatening to roil supply chains, slow growth and rekindle inflation.

Asian shares fell to the lowest level in two months, extending a global selloff in stocks after President Donald Trump’s latest tariff measures drove investors into haven assets.

Japanese shares sank to the lowest since August and bond yields plunged.

The global selloff forms a volatile backdrop for Friday’s US jobs report and a speech by Federal Reserve Chair Jerome Powell, which should set the tone for markets already worried about the outlook for the world’s largest economy.