Monday saw a rise in stock futures due to the continued uncertainty around President Trump’s planned tariffs on important trading partners.
Futures on the S&P 500 and Nasdaq-100 advanced 0.3% and 0.4%, respectively, while futures on the Dow Jones Industrial Average increased 58 points (0.1%).
On Fox News, Commerce Secretary Howard Lutnick said that the proposed 25% tariffs on Canada and Mexico are still “fluid” and might be lower.
The tariffs are scheduled to go into effect on Tuesday. The 10% duty on imports from China has been finalised, he revealed.
“Mexico may respond to U.S. tariffs on China by imposing similar tariffs, possibly to avoid the impending tariffs against them,” Treasury Secretary Scott Bessent said on CBS.
Source (CNBC)
