Trump's Ongoing Trade War Drives Markets Lower
UNITED STATES, JUL 6 – Stock futures dropped as tariffs were delayed to August 1 from July 9, increasing market uncertainty amid ongoing trade negotiations with the European Union and other partners.
- On July 2, 2025, market participants in New York traded cautiously as concerns grew over the impending U.S. tariffs scheduled to take effect August 1.
- The tariffs follow a 90-day pause that began in April to allow trade negotiations, with officials confirming duties will revert to prior high levels unless deals are reached.
- Stock futures dropped Sunday evening with Dow futures down 148 points and S&P 500 and Nasdaq futures declining over 0.3%, reflecting investor uncertainty.
- Commerce Secretary Lutnick confirmed that the tariffs are scheduled to begin on August 1, adding that the president is currently determining the specific rates and terms of the agreements.
- The return of tariffs may increase market volatility unless swift trade deals emerge, while investors remain divided on the rally's sustainability amid these uncertainties.
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