Dow, S&P 500, Nasdaq futures fall as Trump targets August 1 for country-by-country tariffs
President Trump and senior management officials, the US stock futures fell on Sunday, as the country -specific tariffs will enter into force on August 1 and offer more potential confusion to trade partners, as well as offering potential breathing for negotiations.
Dow Jones Industrial Average (YM = F) and S&P 500 (es = F)-related futures decreased by 0.4%, while contracts on technology-tree Nasdaq 100 (NQ = F) dropped 0.5%.
Trump targeted July 9 as a deadline for which the “pause” on the tariff will come into force in the upright April. Global markets are preparing for this potential shock, the United States is only a framework for an agreement with China, as well as agreements with the UK and Vietnam.
However, on Sunday, Both Treasury Secretary Scott Bessent and Trump argued that Trump would not enter into force until August 1, despite Trump sent letters that inform countries this week.
“President Trump, if you do not move something to some of our trade partners, then will tell you that you will return to your level of tariff on August 1th. So we will see a lot of agreements.” He said.
Besent pointed out a few possible agreements in the coming days, and this week, the focal point, the management of the management of more than 100 other countries in trade taxation views before identifying tasks for 18 largest trade partners, he said. In addition to other lock partners, Wall Street is waiting to see how GO Go is the trade talks between the European Union and Canada.
Read More: Trump’s Tariffs.
The tariff focus comes after the Wall Street has a strong week, because both S&P 500 and Nasdaq are closing at record levels on Thursday. The sensation of a barometer market known as the Levkovich index has existing emotions at the euphoric ‘level that shows the potential of extremely stretched positions.
And the momentum of the market faces real tests. With record -level stocks, investors are careful that a sharp turn in trade negotiations can trigger volatility.
On Thursday, Delta (branch), Conagra Brands (Cag), Levi’s, (Levi) and WD-40 (WDFC) are returning to the meeting this week.
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