Future stock indices saw gains on Sunday evening as dip buyers stepped in following President Trump’s announcement of new tariffs on steel and aluminum imports. Nonetheless, these gains remain muted as investors prepare for crucial inflation data later this week.

Market Overview

S&P 500 Futures: up by 0.3% (6,064.25 points)

Nasdaq 100 Futures: up by 0.4% (21,668.25 points)

Dow Jones Futures: up by 0.1% (44,481.0 points)

Following an initial dip tied to Trump’s trade comments, the markets limited their losses based on speculation that these tariffs may represent a negotiation strategy rather than a definitive policy shift.

Details of Trump’s Tariff Announcement

25% tariffs on all steel and aluminum imports to be announced Monday.

This will add to existing duties from Trump’s prior administration, which remained in effect even as Biden made adjustments.

The primary impacts will likely involve major exporting nations: Canada, Brazil, and Mexico.

Moreover, the tensions with China continue to escalate as 10% tariffs on Chinese goods recently came into effect.

The Road Ahead: Inflation and Trade Data

Markets are now focused on anticipated inflation data this week, which could affect the Federal Reserve’s rate decisions. Rising inflation may reinforce a hawkish approach, increasing volatility in the equity markets.

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