U.S. stock index futures slipped on Monday as murky U.S. tariff policies kept investors on edge, while Tesla shares took a hit after CEO Elon Musk announced his plans to launch a political party.
The White House is close to finalising several trade pacts in coming days and will notify other countries of higher tariff rates by July 9, President Donald Trump said on Sunday, with the higher rates set to take effect on August 1.
Trump also threatened an extra 10% tariff on countries aligning themselves with the "Anti-American policies" of the BRICS group of Brazil, Russia, India, China and South Africa.
In April, Trump unveiled a base tariff rate of 10% on most countries and additional duties ranging up to 50%, subsequently pushing the Nasdaq into a bear market.
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