June S&P 500 E-Mini futures (ESM25) are trending down -1.01% this morning as risk sentiment took a hit ahead of U.S. President Donald Trump’s sweeping tariffs announcement.
President Trump is set to announce his reciprocal tariff plan at an event in the White House Rose Garden just as U.S. stock markets close at 4 p.m. The White House said on Tuesday that reciprocal tariffs would become effective immediately after Trump announces them, heightening concerns about the economic impact of a trade war. Bloomberg reported that several proposals are being considered, including a tiered tariff system featuring a series of flat rates for countries, along with a more tailored reciprocal plan. Also, a recently announced 25% tariff on auto imports is set to take effect at 12:01 a.m. Washington time on April 3rd.
