5 questions about Trump’s 35% tariff threat to Canada
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Investor's Business Daily on MSNDow Jones Futures: Stocks Hold Up, But Growth Ails; Trump Sets 30% EU, Mexico TariffsDow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. President Donald Trump announced Saturday that he'll impose 30% tariffs on the European Union and Mexico, part of his renewed tariff hike push.
Stock futures were little changed on Wednesday evening after the S&P 500 recouped some of its losses from this week's tariff-fueled slide. S&P 500 futures traded just below the flatline, along with Nasdaq 100 futures. Futures tied to the Dow Jones Industrial Average were down 37 points, or less than 0.1%.
Asia stock markets trade mixed on Friday, reacting to renewed worries about U.S. trade tariffs following President Donald Trump's announcement of significant duties against Canada. Meanwhile, China's markets outperformed the region,
Investors continued piling into risk assets while shrugging off worries around the latest in trade developments.
In commodities, Brent crude gained 0.5% to $68.95 a barrel, and WTI crude rose 0.6% to $66.95 a barrel. The European benchmark price for natural gas, the Dutch futures contract TTF, was down 0.9% to 35.28 euros a megawatt hour.
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Congress still aims to get the legislation to President Donald Trump's desk by July 4, but it remains to be seen if that will happen.
The S&P 500 ended Tuesday marginally lower after President Donald Trump said that there would be no extensions on his new Aug. 1 tariff deadline.
Stocks rose slightly Thursday, pushing major indexes to new highs, as investors brushed aside concerns about tariffs that had weighed on sentiment earlier in the week.