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Fortune
Fortune
Jason Ma

Dow futures dip as Wall Street weighs likelihood of Trump's latest tariff threat, while U.S. eyes call to resolve China trade snag

Donald Trump China Xi Jinping Scott Bessent the Labor Department US Federal Reserve
(Credit: Michael M. Santiago—Getty Images)
  • The so-called TACO trade will be tested as market respond to President Donald Trump’s announcement on Friday night that he will double steel tariffs to 50%. Meanwhile, administration officials sounded upbeat that the Trump and President Xi Jinping could sort out snags in U.S.-China trade talks.

Stocks pointed slightly lower Sunday night after President Donald Trump reignited trade war fears by doubling down on steel tariffs on Friday.

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