Global Market Pulse: Futures Dip as Tariff Worries Resurface

U.S. equity futures across the Dow, S&P 500, and Nasdaq slid early Monday as investors grew jittery about potential new tariffs tied to the looming July 9 deadline. President Trump signaled that letters outlining accords—or threats—will begin dispatching today, with duties set to kick in from August 1 for those without deals. This geopolitical uncertainty rattled global markets, leading investors to press pause on risk assets and shift into safe-haven plays. Jarred by Musk’s announcement of a new political party, Tesla shares plunged between 6–7%, while chipmaker Nvidia edged lower—reflecting the knock-on effects from policy-led volatility, not company fundamentals.