US stock futures slip ahead of President Trump’s tariff reveal

U.S. stock futures are suggesting a lower open as investors wait to how aggressive President Donald Trump‘s tariff plan will be when he announces them Wednesday afternoon.

If Trump goes ahead with high, broad tariffs against all countries, as he has threatened recently, economists fear they will increase prices and slowdown the economy. However, if Trump shows restraint and narrowly targets his tariffs, investorrs will likely be relieved.

“April 2 is a big day for the stock market. There will still be trade policy uncertainty after that date, but the Trump administration is expected to clear up some of the biggest questions investors have right now,” wrote LPL Financial chief equity strategist Jeffrey Buchbinder, chief economist Jeffrey Roach and chief technical strategist Adam Turnquist in their weekly commentary. “One question is whether reciprocal tariffs will be raised to cover non-tariff trade barriers. Another is whether tariffs on Mexico and Canada will be stacked up on top of auto tariffs and stick or potentially be wiped away during negotiations.”

They added “our best guess is more the latter than the former, although some are very likely to stick, and it may take time to sort out.”

At 6:25 a.m. ET, blue-chip Dow futures slid -0.35%, S&P 500 futures fell -0.39%, and the tech-laden Nasdaq dropped -0.51%.

Circle, the company behind the USDC stable coin, filed with the Securities Exchange Commission to go public. It plans to list its shares on the New York Stock Exchange.

Medora Lee is a money, markets and personal finance reporter at USA TODAY. You can reach her at [email protected] and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday morning.    

This article originally appeared on USA TODAY: US stock futures slip ahead of President Trump’s tariff reveal