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US Stock Futures Dip as Trump Announces Global Tariff Policy
US Stock Futures Dip as Trump Announces Global Tariff Policy
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BTCCSquare news:
US stock futures declined as the WHITE House unveiled new trade policies, including a baseline 10% global tariff and increased levies on Canada. Dow Jones Industrial Average futures edged down 0.1%, while S&P 500 and Nasdaq 100 futures fell 0.2% and 0.4%, respectively.
The policy mandates a minimum 10% tariff for all US trade partners, with a higher 15% rate for countries running a trade surplus. Canada faces an immediate tariff hike from 25% to 35%. Mexico secured a 90-day extension on existing tariff pauses.
Market reaction reflects growing uncertainty as Trump's August 1 deadline passes with limited trade agreements in place. The measures take effect within seven days, potentially impacting global trade flows and corporate earnings.
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