September S&P 500 E-Mini futures (ESU25) are trending up +0.16% this morning as investors look past U.S. President Donald Trump’s latest tariff threats and await the Federal Reserve’s June meeting minutes.
Just days after the U.S. started sending letters to trading partners announcing reciprocal tariffs under a new August 1st deadline, sector-specific duties have returned to the spotlight. President Trump on Tuesday announced a large 50% tariff on copper that could take effect by August 1st or earlier. Mr. Trump also proposed a tariff of up to 200% on pharmaceutical products but noted that companies would have up to a year and a half to prepare. He said that semiconductor tariffs are also under consideration.
