U.S. stock futures were edging up on Wednesday as investors digested President Donald Trump’s latest tariff announcements.
A shock announcement on copper levies and a hardened stance on the deadline for trade deals weren’t enough to derail market optimism.
Dow Jones Industrial Average futures were up 84 points, or 0.2%. S&P 500 futures and Nasdaq 100 futures were also each up 0.2%.
“The timing of these copper and pharma tariff threats, coming alongside revived reciprocal tariff threats and the new bilateral trade deal deadline, suggests the Trump administration is trying to pressure the EU and other trade partners into faster deals,” wrote Mark Haefele, chief investment officer at UBS Global Wealth Management. “We caution against over-reacting in the near term given the lack of clarity on what policy will actually stick and on potential implementation dates.”
Trump announced a 50% tariff on copper that could kick in by Aug. 1…
