June S&P 500 E-Mini futures (ESM25) are trending down -0.14% this morning as cautious investors refrain from making big bets amid uncertainty about U.S. President Donald Trump’s upcoming tariffs.
Tariffs have continued to take center stage for investors. The Trump administration signaled that the upcoming wave of U.S. tariffs could be more targeted than initially expected, as nations hurried to obtain exemptions from the impending duties. On Tuesday, President Trump stated he didn’t want too many exceptions, but he would “probably be more lenient than reciprocal, because if I was reciprocal, that would be... that would be very tough for people.” Moreover, Bloomberg reported on Wednesday that U.S. tariffs on copper imports could be implemented within several weeks, months ahead of the deadline for a decision.
