President Trump’s trade war drama shakes up markets with talk of higher tariffs on Canada and Europe. Wall Street futures drop, but recover slightly after clarification on exclusions. Currency markets react with the dollar up against the loonie and euro. Yen weakens amid dim U.S.-Japan trade deal prospects.

Investors brace for impact of Trump’s tariffs as economic data calendars are light. Uniqlo owner Fast Retailing warns of significant impact on U.S. operation from tariffs, plans price hikes. Key developments to watch: UK May GDP, Canadian June jobs numbers, Eurozone final CPI, possible Trump letter on EU tariffs.

Read more at Yahoo Finance: New tariff drama jolts complacent markets