June S&P 500 E-Mini futures (ESM25) are trending down -0.17% this morning as investors grappled with fresh uncertainty surrounding U.S. President Donald Trump’s tariff policies and looked ahead to the release of the Federal Reserve’s first-line inflation gauge.
A U.S. federal appeals court on Thursday allowed President Trump’s tariffs to remain in place while the administration’s appeal proceeds. The Trump administration could still win the appeal, but may also pursue alternative measures to implement or maintain tariffs. The Wall Street Journal reported on Thursday that the administration is weighing a temporary measure to impose tariffs on large parts of the global economy using an existing law that permits duties of up to 15% for a duration of 150 days.
