US EditionWall Street Points Lower After Trump's Weekend Tariff Announcement; Bank Earnings This Week
NEW YORK, UNITED STATES, JUL 14 – President Trump’s 30% tariffs on EU and Mexico imports aim to pressure trade deals before August 1, causing Wall Street futures to fall about 0.3%, analysts said.
- On July 14, 2025, Wall Street indexes declined slightly following President Donald Trump’s weekend declaration that starting August 1, a 30% tariff will be applied to imports from Mexico and the European Union.
- The tariff threat intensified ongoing trade tensions as the Trump administration extended the deadline for countries to reach trade deals with the U.S. to August 1, after only two deals were announced since April.
- Markets responded with mixed overseas moves: Germany's DAX fell 1%, Paris's CAC 40 dropped 0.5%, while Britain's FTSE 100 gained 0.4% amid Britain's separate trade arrangements with the U.S.
- Major U.S. financial institutions, including JPMorgan Chase, Wells Fargo, and Citigroup, were set to release their earnings on Tuesday, while S&P 500 firms overall were anticipated to report a 5.8% profit increase—revised downward from a prior forecast of 10.2%—reflecting more cautious investor outlooks.
- The tariff announcement had a limited immediate effect, with the euro slipping slightly to just above $1.16 and oil prices nearing $70 per barrel, highlighting potential challenges for governments and consumers across both sides of the Atlantic.
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U.S. equities traded sideways on Monday as investor sentiment wavered following President Donald Trump's weekend announcement of a sweeping 30% tariff on all imports from the European Union and Mexico, set to take effect August 1.
Wall Street points lower after President Donald Trump’s weekend tariff announcement; bank earnings this week
Wall Street is pointing lower before the opening bell with new tariffs announced for Europe and Mexico and as the unofficial start of earnings season get under way this week. Futures for the S&P 500, Dow Jones Industrial Average and Nasdaq each retreated by about 0.3% early Monday. An announcement over the weekend by U.S. President Donald Trump that he plans 30% tariffs on goods from Mexico and the European Union had a modest immediate impact, a…
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