Trump's Tariff Plans Cause Economic Concerns Despite Trade Deal Optimism

The S&P 500 dipped as Trump’s tariff plans raised economic concerns, overshadowing trade deal optimism. The Dow Jones fell 0.4%, while the S&P 500 slipped 0.1% and the NASDAQ held steady.

Trump confirmed no tariff extensions, setting August 1 as the deadline. New tariffs include 25-36% on various countries, excluding India and the EU, hinting at potential trade deals.

Analysts see the tariffs as mixed news, estimating $54 billion in revenue. Trump’s strategy is seen as calculated. Markets remain calm, expecting stability despite policy shifts.

Investors cautious as August 1 deadline approaches with no flexibility. Markets remain rangebound, balancing trade deal hopes and escalation risks.