U.S. stock futures edged lower on Wednesday morning as Wall Street prepared for President Donald Trump’s anticipated tariffs.
S&P 500 futures dipped 0.25%, with Nasdaq-100 futures also decreasing by 0.32%. Meanwhile, Dow Jones Industrial Average futures fell by 90 points, marking a 0.21% decline.
The White House announced on Tuesday that President Donald Trump will introduce new tariffs this Wednesday, though specifics on the extent and nature of these trade measures were not disclosed, causing anxiety among businesses, consumers, and investors concerned about an escalating global trade conflict.
President Trump has heralded April 2 as a significant “Liberation Day,” where formidable new tariffs could potentially disrupt the current global trade framework, following a scheduled declaration from the White House Rose Garden at 4 p.m. Eastern Time (Thursday 0300 GMT+7).
Karoline Leavitt, the White House spokesperson, stated that reciprocal tariffs on nations imposing levies on U.S. products will become effective immediately post-announcement, while a 25% tax on auto imports will start on April 3.
