Mexico, Trump and European Union
Digest more
U.S. stock futures fell Sunday, a day after President Donald Trump threatened to impose new 30% tariffs against imports from Mexico and the European Union.
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%.
If a 30 percent tariff on Mexico goes into affect on August 1, a wide variety of foods will be more expensive, experts warn.
President Donald Trump released two tariff letters on Saturday, imposing duties of 30% on products from Mexico and the European Union.
President Donald Trump has posted two new letters on his social media platform announcing tariffs on the European Union and Mexico.
Kevin Hassett appeared to deflect questions on how the new tariff will benefit America despite the U.S. having a trade surplus with the South American country.