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Trump Tariffs Drive Muted Premarket Action Tuesday for US Equity Futures
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Trump Tariffs Drive Muted Premarket Action Tuesday for US Equity Futures
Jul 8, 2025 5:55 AM

08:35 AM EDT, 07/08/2025 (MT Newswires) -- US equity futures were little changed pre-bell Tuesday after the Trump administration unveiled a new slate of import tariffs on 14 trading partners set to take effect Aug. 1.

Dow Jones Industrial Average futures were down 0.1%, S&P 500 futures were up 0.1%, while Nasdaq futures were 0.3% higher.

The tariffs include 25% levies on Japan and South Korea and rise to as high as 40% for certain other countries, the White House said in a statement Monday.

Investors are also looking ahead to the minutes from the Federal Reserve's latest policy-setting meeting, due Wednesday.

Oil prices were little changed, with front-month global benchmark North Sea Brent crude up nearly 0.1% at $69.63 per barrel and US West Texas Intermediate crude down nearly 0.1% at $67.88 per barrel.

The National Federation of Independent Business' monthly Small Business Optimism Index, released at 6 am ET, declined to a reading of 98.6 in June from 98.8 in May.

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