Stock Futures Drop as Trump Delays Tariffs and Musk Forms New Party
TL;DR Summary
U.S. stock futures declined after President Trump confirmed that tariffs will be implemented on August 1 instead of July 9, causing market uncertainty amid ongoing trade negotiations and concerns over potential higher tariffs.
- Stock futures fall after Trump says tariffs to go into effect Aug. 1, not July 9: Live updates CNBC
- Trump slams Musk’s third party as ‘ridiculous’ The Hill
- Musk says he is forming new political party after fallout with Trump CNN
- Musk should stay out of politics, US Treasury Secretary Bessent says Reuters
- 'It's ridiculous': Donald Trump mocks Elon Musk's 'America Party'; says 'he can have fun with it' Times of India
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