Major US card issuers fall as Trump announces reciprocal tariffs

Major U.S. card companies fall in extended trading as President Donald Trump announces reciprocal tariffs

American Express AXP.N slides ~3%, while Mastercard MA.N and Visa V.N fall ~2.6% and ~2%, respectively

Trump says he will impose 10% baseline tariff on all imports to U.S. and higher duties on some of the country's biggest trading partners

As of last close, AXP was down over 7.3% YTD, while V and MA were up nearly 10% and 4% YTD, respectively