Latest on Trump's tariffs against Mexico, EU
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S&P 500 futures lost 0.5%, while Nasdaq 100 futures dropped 0.6%. Futures for the Dow Jones Industrial Average fell 204 points, or 0.5%.
In letters to Mexican President Claudia Sheinbaum and European Commission President Ursula Von der Leyen, Trump wrote that the two leaders had not done enough to prevent fentanyl from entering the U.S.
U.S. President Donald Trump announced plans to impose new 30% tariffs on Mexico and the European Union effective from Aug. 1, launching the latest salvo in his ongoing trade war.