June S&P 500 E-Mini futures (ESM25) are trending down -0.17% this morning, swinging between gains and losses as U.S. President Donald Trump’s sweeping tariffs came into effect.
U.S. equity futures point to another volatile session on Wall Street. Stock index futures initially plunged after President Trump’s so-called reciprocal tariffs came into force today, intensifying concerns about their impact on U.S. economic growth. The measures include a 104% tariff on Chinese imports. Later, stock index futures briefly turned positive after China’s Ministry of Commerce stated that the nation was open to dialogue with the U.S., while noting it possessed “abundant means” to retaliate against the Trump administration’s tariffs.
