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Dow futures drop 200 points on Sunday after Trump slaps 30% tariff on Mexico and the EU: Live updates
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%.
Trump announces tariffs of 30% on Mexico and the European Union
President Donald Trump released two tariff letters on Saturday, imposing duties of 30% on products from Mexico and the European Union.
Trump announces 30% tariffs against Mexico, EU to begin on Aug. 1
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.
He bought a side table from Mexico. Tariffs added a surprise $1,170 fee at delivery
Businesses typically pass tariff costs onto consumers through higher prices. Sometimes, that process is less subtle.
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