American stock futures suggest a lower open, while investors wait for how aggressive President Donald Trump’s tariff plan will be when he announces them on Wednesday afternoon.
If Trump continues with high, broad rates against all countries, as he recently threatened, economists fear that they will increase prices and delay the economy. However, if Trump shows restraint and barely focuses on his rates, investors will probably be relieved.
“April 2 is a big day before the stock market. After that date there will still be uncertainty of trade policy, but the Trump administration is expected to instruct some of the biggest questions at the moment,” wrote LPL Financial Equity -Strateg Jeffrey Buchbinder, head economist Jeffrey Roach and Head of Technical Strateeg. “A question is whether mutual rates will be picked up to cover non-tariff trade barriers. Another is whether rates on Mexico and Canada are stacked at the top of the auto rates and are pampered or possibly wiped out during negotiations.”
They added: “Our best gamble is more the last than the first, although some are most likely staying, and it can take time to find out.”
At 6:25 AM ET, Blue -Chip Dow Futures Glid -0.35%, S&P 500 Futures fell -0.39%and the Nasdaq loaded by technology decreased -0.51%.
Circle, the company behind the USDC -stable currency, submitted to the Securities Exchange Commission to go to the public way. It is planning to include his shares on the New York Stock Exchange.
Medora Lee is a reporter of money, markets and personal finances at USA Today. You can reach her at mjlee@usatoday.com and subscribe to our free daily money newsletter for personal financial tips and business news every Monday up to and including Friday morning.
This article originally appeared on USA Today: US Stock Futures Slips Prior to the rate of President Trump Priority
