U.S. stock futures were flat Tuesday after President Trump threatened steep new tariffs on imports from over a dozen countries, including Japan and South Korea.
Key moves:
- Dow futures (YM=F): Slightly down
- S&P 500 futures (ES=F): Up 0.1%
- Nasdaq futures (NQ=F): Up 0.2%
Trump’s letters to 14 countries warned of 25%-40% tariffs starting August 1, delaying earlier planned levies. South Korea called the delay a “grace period” and vowed to speed up trade talks.
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What’s next:
- Fed meeting minutes (Wednesday)
- Delta Air Lines (DAL) earnings (Thursday)
Oil prices dip
Crude fell as traders weighed Trump’s tariffs and OPEC+’s plan to boost supply. Brent (BZ=F) slid toward $69, while WTI (CL=F) dropped below $68.
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