From Yahoo Finance, July 6:
US stock futures fell Sunday as President Trump and top administration officials suggested country-specific tariffs would take effect on Aug. 1, offering more potential confusion to trading partners but also potential breathing room for negotiations.
Futures attached to the Dow Jones Industrial Average (YM=F) and the S&P 500 (ES=F) slipped 0.4% while contracts on the tech-heavy Nasdaq 100 (NQ=F) dropped 0.5%.
Trump had targeted July 9 as a self-imposed deadline, when his "pause" on steep April tariffs would go back into effect. Global markets have been bracing for that potential shock, with the US only having reached deals with the UK and Vietnam, as well as a framework toward an agreement with China.
But on Sunday, both Treasury Secretary Scott Bessent and Trump suggested that while Trump could send out letters this week informing countries of their tariff rates, those duties would not go into effect until Aug. 1....
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