U.S. stock futures are down after President Donald Trump announced a 30% tariff on goods from the European Union and Mexico starting August 1. The EU is considering retaliatory tariffs against the U.S. Futures for Dow, S&P 500, and Nasdaq are all lower. Bitcoin hit a record high ahead of “Crypto Week” where lawmakers will debate regulations. Investors await inflation data and face increasing pressure on Federal Reserve Chairman Jerome Powell. Earnings season is starting, and Tesla plans to poll shareholders on investing in xAI.

Read more at Yahoo Finance: US stock futures lower after Trump announces 30% tariff on Mexico, EU