September S&P 500 E-Mini futures (ESU25) are trending up +0.13% this morning as investors remain cautiously optimistic that the U.S. may strike more trade deals ahead of President Donald Trump’s August 1st deadline.
The European Union and the U.S. are reportedly close to finalizing a trade agreement that would place 15% tariffs on most imports from the bloc. President Trump hinted at the potential deal on Thursday, stating, “We’re in the process of probably making a very good deal with [the EU] too. They want to make a deal very badly.” In addition, Mr. Trump said that trade partners with the U.S. could reduce tariff rates set to take effect next week by reaching agreements similar to the one secured with Japan.
