Stock futures were lower on Sunday, as investors braced for a data-packed week ahead and eyed reports that President Donald Trump may announce a new round of tariffs on Monday.
Futures tied to the Dow Jones Industrial Average fell 62 points, or 0.14%. S&P 500 futures slipped 0.18%, while Nasdaq 100 futures ticked down 0.26%.
Trump told reporters on Sunday that he’s planning to announce a blanket 25% tariff on all steel and aluminum imports on Monday, according to a Bloomberg report. Trump did not specify when the tariffs would be imposed and noted that he would also issue retaliatory tariffs on countries that tax U.S. imports. The news comes as Trump’s previously announced duties on China are set to go into effect at midnight on Sunday.
