U.S. stock futures declined as President Trump escalated threats of 30% tariffs against the EU and Mexico unless trade deals are made by August 1. Investors began taking these threats seriously, resulting in lowered market projections. The EU postponed retaliatory tariffs to allow for further negotiations. Additionally, tensions surfaced regarding Federal Reserve Chairman Jerome Powell’s management of the Fed, with officials suggesting his job may be at risk. Deutsche Bank cautioned that market valuations fail to account for the real risks of such political instability.
U.S. stock futures dropped as Trump's threats of 30% tariffs on the EU and Mexico prompted investors to reconsider trade war risks, with markets poised for declines.
Deutsche Bank warned that financial markets are underestimating the risks associated with Trump's rhetoric and the potential impact on Federal Reserve Chairman Powell's position.
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