Dow Futures Slip Over 100 Points After Trump Announces Doubling Steel Tariffs, Nikkei Down

Benzinga
2025.06.02 02:19
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U.S. stock futures declined on Sunday evening, with Dow Jones Futures down 0.30% following President Trump's announcement to double steel tariffs to 50%. This move aims to boost the domestic steel industry amid ongoing trade tensions. The Nikkei 225 also fell by 1.37%. Investors are cautious ahead of Federal Reserve Chair Jerome Powell's speech and earnings reports from companies like Campbell’s Co. and Credo Technology Group.