Market Reacts to Trump's Tariff Announcement

Stock market futures in the United States showed a downward trend on Monday following President Donald Trump's announcement of a 30% tariff on imports from the European Union and Mexico. This decision, set to take effect on August 1, hinges on the outcome of further negotiations.

Impact on Major Indices

By 10:28 am ET, the Dow Jones Industrial Average had slipped 0.33%, the Nasdaq 100 lost 0.26%, and the S&P 500 decreased by 0.29%. Meanwhile, the euro remained stable against the dollar, trading at 1.16843.

Anticipation for Further Announcements

President Trump also hinted at a significant announcement regarding Russia, expected to be disclosed during his meeting with NATO Secretary-General Mark Rutte later today.