U.S. stock futures were little changed Sunday night after President Donald Trump said he’s raising his global tariffs to 15% from 10% after the Supreme Court struck down the president’s “reciprocal” tariffs.
Dow Jones Industrial Average futures fell by 97 points, or 0.2%. S&P 500 futures and Nasdaq 100 futures slid 0.23% and 0.34%, respectively.
Oil prices slid, with Brent crude futures declining 0.65% to $71.29 a barrel. U.S. crude futures were at $65.94 a barrel, down 0.81%.
Those moves come after Trump on Saturday said he would increase global tariffs to 15%, up from the 10% he announced on Friday. Trump said the duties would go into effect immediately, though it was unclear whether any official documents had been signed regarding the timing.
“I, as President of the United States of America, will be, effective immediately, raising the 10% Worldwide Tariff on Countries, many of which have been ‘ripping’ the U.S. off for decades, without retribution (until I came along!), to the fully allowed, and legally tested, 15% level,” Trump wrote.
