Trump, EU and Tariff
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President Donald Trump on Tuesday said the U.S. would impose a 19% tariff on goods from Indonesia under a new agreement with the Southeast Asian country and said more deals were in the works as he continued to press for what he views as better terms with trading partners and a path to reducing a massive U.
Latest news and live updates as Trump announces the U.S. will send Patriot missiles to Ukraine and meets with NATO's secretary general.
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 Trump plans to impose 30% tariffs on EU imports starting August 1, prompting French dairy leaders to warn of 'disastrous' impacts on their exports.
German Finance Minister Lars Klingbeil said on Sunday the European Union must take "decisive" measures against the United States if tariff negotiations fail to cool an escalating global trade war.
President Donald Trump said Tuesday the administration has reached a trade agreement with Indonesia, but he offered no details, including how comprehensive a deal might be, any possible terms or when any provisions might take effect.
U.S. stock indexes are edging mostly lower following President Donald Trump’s latest updates to his tariffs, but Wall Street is hanging near its record amid speculation about whether the president may ultimately back down.