Trump threatens EU, Mexico
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S&P 500 futures lost 0.5%, while Nasdaq 100 futures dropped 0.6%. Futures for the Dow Jones Industrial Average fell 204 points, or 0.5%.
President Donald Trump released two tariff letters on Saturday, imposing duties of 30% on products from Mexico and the European Union.
U.S. President Donald Trump announced plans to impose new 30% tariffs on Mexico and the European Union effective from Aug. 1, launching the latest salvo in his ongoing trade war.
President Donald Trump has posted two new letters on his social media platform announcing tariffs on the European Union and Mexico.
The European Union has decided to hold off on imposing retaliatory tariffs on U.S. goods that were set to begin Monday.