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US stock futures stalled on Wednesday after President Trump ratcheted up trade tensions with US trade partners.
Contracts on the Dow Jones Industrial Average (YM=F), the S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) all traded broadly flat.
Stocks teetered lower on Tuesday as Trump spoke during a wide-ranging cabinet meeting, where he said a 50% tariff on copper was in the works and threatened 200% duties on pharmaceuticals. The president also reaffirmed that the pause he placed on “reciprocal” tariffs in April will end August 1, saying “no extensions will be granted” to countries that have not struck deals before then.
Read more: The latest on Trump’s tariffs
Tuesday’s relatively muted action in markets follows losses on Monday when Trump posted a flurry of letters to social media that announced new tariff rates ranging from 25% to 40% on more than a dozen countries starting August 1.
On Wednesday, Wall Street is looking forward to the release of the minutes from the Federal Reserve’s June meeting. Fed officials held interest rates steady in June and indicated two rate cuts this year are likely.
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Copper prices soar following Trump’s announcement of tariffs on imports
Copper (HG=F) futures pumped over 17% following an announcement from President Trump that he’ll instill a 50% on imports of the metal.
Bloomberg reports:
![i’m-nervous,-too!-[part-2]](https://10xwealthreport.com/wp-content/uploads/2026/03/177042-im-nervous-too-part-2-1568x784.jpg)
