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Futures down: Dow 0.3%, S&P 500 0.2%, Nasdaq 0.1%

April 1 (Reuters) - U.S. stock index futures slipped on

Tuesday, marking a gloomy start to the new quarter, as investors

grappled with uncertainty around the Trump administration's

sweeping new tariffs set to be announced on Wednesday.

Concerns about the economic damage from U.S. tariffs and AI

spending by tech firms sent Wall Street into a tailspin in the

first three months of the year. The benchmark S&P 500

finished the quarter 4.6% lower, its worst three-month

performance since July 2022.

U.S. President Donald Trump is set to announce "reciprocal

tariffs" to bring U.S. tariffs to other countries' levels on

April 2. He said on Sunday the levies will include all countries

but specific details were scant.

White House aides have drafted a proposal to impose tariffs

of around 20% on most imports to the United States, the

Washington Post reported.

By 6:13 a.m. ET, S&P 500 E-minis fell 12.5 points,

or 0.22%. Nasdaq 100 E-minis dropped 26.25 points, or

0.14%, and Dow E-minis were down 125 points, or 0.3%.

The announcement will come at 3 pm ET on Wednesday, U.S.

Treasury Secretary Scott Bessent told Fox News on Monday.

Investors have been seeking the safety of U.S. government

bonds and gold in recent weeks while dumping U.S. stocks,

particularly high-flying tech shares, on worries tariffs will

hurt economic growth and stimulate inflationary pressures.

Trump has already implemented levies on imported aluminum

and steel, along with increased tariffs on goods from China.

Higher duties on cars will take effect on Thursday.

Manufacturing activity surveys for March and JOLTS job

openings data later in the day could offer fresh insights on the

impact of tariffs on the U.S. economy and the Federal Reserve's

monetary policy path.

New York Fed President John Williams acknowledged on Monday

there are risks inflation could once again heat up, while

Richmond Fed President Thomas Barkin said he is nervous the

Trump administration's tariffs will push up prices and hurt the

job market.

Among single stocks, Goldman Sachs on Monday raised the

probability of a U.S. recession to 35% from 20% and said it

expects more U.S. interest rate cuts this year.

Among single stocks, Johnson & Johnson ( JNJ ) fell 3% in

premarket trading after a U.S. bankruptcy judge rejected the

company's $10 billion proposal to end tens of thousands of

lawsuits alleging its baby powder and other talc products cause

ovarian cancer.

PVH Corp ( PVH ) jumped about 17% after the apparel maker's

annual earnings forecast beat analysts' estimates.

Tesla's shares rose 3.7% ahead of its first-quarter

vehicle deliveries report on Wednesday. Its shares were down

about 36% in the three months to March 31.

The electric carmaker posted its lowest first-quarterly

sales figures in France and Sweden since 2021, data showed.