Wall Street opened sharply lower on Friday as new U.S. tariffs on dozens of trading partners and Amazon's unimpressive earnings weighed on sentiment, while a weaker payrolls report added to risk aversion.

The executive order lays out rates to be applied against nearly 70 countries, ranging from 10% to 41% in what a Trump administration official hailed as the beginning of a "new system of trade." The countries facing the highest rates in the executive order are Laos and Myanmar at 40% and Syria at 41%.