US Stock Futures Climb Higher as Markets Brace for Trump Tariffs.
US stock futures climbed higher as Wall Street braced for President Donald Trump’s broad tariffs on America’s top trading partners to take effect today. Futures attached to the S&P 500 (ES=F) climbed 0.3%, Nasdaq futures (NQ=F) were up 0.5%, and Dow Jones futures (NQ=F) pushed up 0.2% from the flatline. The countries had been negotiating with the Trump administration to avoid the tariffs, but on Monday, Trump said there is "no room left for Canada or Mexico” to strike a deal.
- The escalating trade tensions may accelerate the shift of global manufacturing away from North America and towards more tariff-friendly regions.
- What are the long-term implications for American businesses that have already invested heavily in their supply chains with Canadian and Mexican partners?