US Futures Drop as Trump Steps Up Tariff Threats: Markets Wrap
US Futures Drop as Trump Steps Up Tariff Threats: Markets Wrap
Equity-index futures for the US and Europe retreated in a cautious start to the week after President Donald Trump announced a 30% tariff on goods from the European Union and Mexico. This move has further escalated the trade tensions between the US and its trading partners, causing concerns among investors. The proposed tariffs, which will take effect on June 1st, will impact a wide range of goods, including agricultural products, steel, and aluminum. This has led to a decrease in confidence among businesses and consumers, as they fear the potential consequences on the global economy and financial markets.
