07:49 AM EDT, 07/14/2025 (MT Newswires) -- The benchmark US stock measures were pointing lower before the opening bell Monday as investors assess President Donald Trump's announcements on tariffs against the European Union and Mexico, and await key inflation data and earnings scheduled to be released later in the week.

The S&P 500, the Nasdaq and the Dow Jones Industrial Average declined 0.3% each in premarket activity. The indexes finished Friday's trading session in the red.

In social media posts on Saturday, Trump revealed plans to impose 30% tariffs on the EU and Mexico, effective Aug. 1.

European Commission President Ursula von der Leyen said Sunday the EU will delay its plan to hit the US with duties on 21 billion euros ($24.54 billion) of its annual exports to the bloc until "early August," in the hope of reaching a deal with the Trump administration, the Financial Times reported. The tariffs were originally due to come into effect on Tuesday.

"We will take all necessary steps to safeguard EU interests, including the adoption of proportionate countermeasures if required," von der Leyen said in a separate statement on Saturday.

The Mexican government said Saturday it was informed by US trade officials during a Friday meeting that it would receive a letter from Trump regarding new tariffs starting Aug. 1. "We stated at the meeting that this was unfair treatment and that we disagreed," according to Mexico's statement.

Last week, Trump announced plans to impose 35% tariffs on Canadian imports, effective Aug. 1. He also revealed plans to impose blanket duties of 15% or 20% on most trade partners, and sent letters to several nations, including Japan, South Africa, Malaysia and Thailand, informing them of their new reciprocal tariff rates, beginning next month.

US Treasury yields were down in premarket action, with the two-year rate retreating 2.5 basis points to 3.89% and the 10-year rate edging 0.4 basis points lower to 4.42%.

With no economic reports scheduled for Monday, traders' focus will be on the consumer price index report for June on Tuesday, followed by the producer price index and retail sales reports, for the same month, on Wednesday and Thursday, respectively.

Investors are also preparing for the beginning of the latest earnings season, with results due later in the week from banking giants, including JPMorgan Chase ( JPM ) , Wells Fargo ( WFC ) , Bank of America ( BAC ) , Morgan Stanley ( MS ) , Goldman Sachs ( GS ) and Citigroup ( C ) . Major companies such as Netflix ( NFLX ) , Johnson & Johnson ( JNJ ) , Abbott Laboratories ( ABT ) , PepsiCo ( PEP ) and American Express ( AXP ) are also scheduled to post earnings this week.

Fastenal ( FAST ) is slated to release its quarterly financial statements before the bell Monday, while FB Financial ( FBK ) announces results after the markets close.

West Texas Intermediate crude oil rose 0.6% to $68.88 a barrel before the open. Gold inclined 0.4% to $3,379 per troy ounce, while bitcoin climbed 2.5% to $122,127.