Trump announces 30% tariffs on Mexico, EU
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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 posted letters to the leaders of Mexico and the European Union, saying they had not done enough to head off the new tariffs.
President Donald Trump has posted two new letters on his social media platform announcing tariffs on the European Union and Mexico.
12hon MSN
The European Union has decided to hold off on imposing retaliatory tariffs on U.S. goods that were set to begin Monday.