June S&P 500 E-Mini futures (ESM25) are trending down -0.26% this morning as market participants gear up for 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. The Washington Post reported that Trump is considering tariffs of about 20% on most imports to the U.S. Also, a recently announced 25% tariff on auto imports is set to take effect at 12:01 a.m. Washington time on April 3rd.
