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Fortune

Jason Ma

Dow futures sink as Trump keeps pushing tariffs while White House suggests Powell's job could be at risk

Mỹ United States Donald Trump Jerome Powell European Union US Federal Reserve

(Credit: Timothy A. Clary—AFP via Getty Images)

After Wall Street previously downplayed risks from President Donald Trump’s trade war, investors are starting to take his tariff threats more seriously. U.S. stock futures fell on Sunday as Trump continued his letter-writing blitz, warning the EU and Mexico over the weekend that they face 30% tariffs unless they reach trade deals by Aug. 1.

U.S. markets pointed lower on Sunday night as the Trump administration showed no signs of backing off on tariffs or Federal Reserve Chairman Jerome Powell.

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