December S&P 500 E-Mini futures (ESZ24) are up +0.23%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.29% this morning as investors assessed the implications of U.S. President-elect Donald Trump’s pledge to impose additional tariffs on China, Mexico, and Canada, while also awaiting the Federal Reserve’s November meeting minutes, a new batch of economic data, and earnings reports from several high-profile companies.
Trump said on Monday evening on his Truth Social Network that he would impose “an additional 10% tariff, above any additional tariffs” on Chinese imports as well as a 25% tariff on all products from Mexico and Canada. He stated that the measures were necessary to curb the flow of migrants and illegal drugs across the U.S. border.
