Explore more
Trump threatens EU, Mexico
Digest more
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%.
Businesses typically pass tariff costs onto consumers through higher prices. Sometimes, that process is less subtle.
President Trump announced on social media that he is levying 30% tariffs against Mexico and the European Union. They are set to begin on August 1.
Feedback