U.S. stock futures fell and oil prices rose Sunday after the U.S. imposed broad tariffs on major trading partners, rattling Wall Street’s economic outlook. Nasdaq futures led declines, dropping over 2%, while the S&P 500 and Dow futures fell more than 1%. The economic impact of trade disputes remains uncertain due to unclear retaliation measures and their effects on export producers. The U.S. dollar strengthened on Sunday, putting pressure on companies reliant on foreign sales. Trump’s shift from free trade and promised tax cuts have fueled inflation concerns, driving bond yields higher and intensifying fears of economic ripple effects from trade disputes.
