US Futures Drop as Trump Steps Up Tariff Threats
US Futures Drop as Trump Steps Up Tariff Threats
The US equity-index futures dropped on Monday after President Donald Trump announced a 30% tariff on goods from the European Union and Mexico. This move has sent shockwaves through the global economy, causing safe haven assets to edge up. The decision comes as the US is engaged in a trade war with China, and now the focus has shifted to the EU and Mexico. This escalation has caused concern among investors and could lead to increased volatility in the stock market. The impact of these tariffs on consumer prices and the economy as a whole is yet to be seen, but it is a cause for concern for many businesses and individuals.
