Dow Futures Drop on Trump Tariffs Against Mexico and EU
U.S. stock futures fell Sunday evening after former President Donald Trump announced sweeping 30% tariffs on imports from Mexico and the European Union, sparking fresh concerns over global trade relations.
- Dow Futures dropped 149 points (-0.33%) to 44,450
- S&P 500 Futures declined 22.75 points (-0.36%)
- Nasdaq Futures fell 88.5 points (-0.39%)
- Oil inched up to $68.51 (+0.09%)
- 10-year Treasury yield eased to 4.417%
The tariff announcement has reignited fears of a global trade war, pressuring risk assets while lifting safe havens like U.S. Treasuries. Investors will now be watching for potential retaliation from trading partners and how the tariffs could ripple through inflation and supply chains.