Stock futures were barely moving early Wednesday, ahead of yet another trading session that’s likely to be dominated by chatter about President Donald Trump’s plan to impose reciprocal tariffs on April 2.
Investors still don’t have much clarity on what the levies will look like, with just a week to go until what the White House is calling Liberation Day. Trump likely added to the confusion late Tuesday when he said he “may give a lot of countries breaks,” suggesting some U.S. trading partners will likely be exempt from the measures.
“So-called ‘Liberation Day’ could just be the start of things,” Pepperstone strategist Michael Brown said Wednesday. “As has been the case for some time, it is the uncertainty associated with policymaking, as opposed to the actual policies themselves, that are causing such consternation for market participants.”