Stock index futures rose Sunday evening as dip buyers stepped in following President Donald Trump's announcement of new tariffs on steel and aluminum imports. However, gains remained limited as investors braced for key inflation data later this week.

Market Reaction

📈 S&P 500 Futures: +0.3% (6,064.25 points)
📈 Nasdaq 100 Futures: +0.4% (21,668.25 points)
📈 Dow Jones Futures: +0.1% (44,481.0 points)

After an initial drop following Trump's tariff comments, markets pared losses on speculation that tariffs could be a negotiation strategy rather than a strict policy shift.

Trump's New Tariff Plans

📌 25% tariffs on all steel and aluminum imports to be announced Monday.
📌 In addition to existing steel and aluminum duties from Trump's first term, which Biden had scaled down but retained.
📌 Canada, Brazil, and Mexico to be hit hardest, given their dominance in U.S. steel and aluminum exports.

China trade tensions escalate as Trump's 10% tariffs on Chinese goods took effect just days ago.

Looking Ahead: Inflation & Trade Data

Markets now turn to key inflation data due this week, which could influence the Federal Reserve's rate outlook. Higher inflation could reinforce a hawkish stance, adding volatility to equities.

For real-time economic indicators and market insights, check:
📌 Economics Calendar API
📌 Commodities API