Who will actually pay for Trump’s tariffs?
While trade is a hot topic among the Trump Administration, who actually pays for the new tariffs?
Fox – Fox 9
U.S. stock futures point to a lower opening as investors await more news on President Donald Trump‘s tariff plan and economic news.
Stocks rallied on Monday after Trump suggested tariffs would be more targeted on April 2 than originally threatened. That sent optimism through the markets that an all-out trade war would be avoided.
However, Trump later said tariffs on sectors like pharma and autos would still be coming in the “near future,” just maybe not on April 2. He then later added the lumber and semiconductor industries to his tariff list for levies sometime “down the road,” which added some ambiguity to the tariff situation and kept stocks muted on Tuesday. The S&P 500 index,though, managed to eke out a gain to capture three consecutive up days.
Futures tied to the blue-chip Dow slipped 0.14%, while broad S&P 500 futures dropped 0.18%, and tech-heavy Nasdaq futures fell 0.24%.
Corporate news
- GameStop’s earnings in the last three quarter of the year topped analysts’ forecasts, and the company’s board said it had unanimously approved a plan to invest corporate cash in bitcoin.
Medora Lee is a money, markets and personal finance reporter at USA TODAY. You can reach her at mjlee@usatoday.com and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday morning.
