Tariff Tensions Rattle Wall Street Ahead of Earnings and Inflation Data
Wall Street futures dipped Monday morning as investors braced for a volatile week marked by fresh tariff threats and a flood of economic data. President Donald Trump’s announcement of a 30% tariff on imports from the European Union and Mexico , set to begin August 1, sent ripples through global markets. Major U.S. index futures— Dow, S&P 500, and Nasdaq —were all down roughly 0.3% in premarket trading. While the EU signaled a willingness to negotiate, the looming deadline has heightened uncertainty. Analysts suggest the market’s muted reaction reflects a growing belief that such threats are part of Trump’s negotiation strategy. This week’s economic calendar is packed, with June’s Consumer Price Index (CPI) report due Tuesday, followed by wholesale inflation, retail sales, and industrial production data. These figures will be closely watched for signs of how tariffs may be influencing inflation and consumer behavior. Meanwhile, second-quarter earnings season kicks off , with ma...
