US stock futures declined as sweeping tariffs came into effect. Investor sentiment was negatively impacted by the escalating trade war and a lack of concrete developments on global tariff negotiations. Investors are awaiting the release of the Fed’s latest minutes for further direction on interest rates.
- On Tuesday, the Dow slipped 0.84%.
- US stock futures declined Wednesday.
- President Trump’s tariffs came into effect, including a 104% levy on Chinese imports.
This suggests a period of uncertainty and potential downward pressure on the asset. The escalating trade war and the lack of progress in negotiations are creating a risk-off environment for investors, leading to decreased confidence in the market. Investors may continue to be cautious and monitor developments in the trade conflict and the Federal Reserve’s policy decisions closely.