U.S. stocks looked set for losses on Thursday after President Donald Trump said he would set unilateral tariff rates within the next week or two, stoking fears about trade tensions after a spell of relative calm.
Futures tracking the Dow Jones Industrial Average dropped 227 points, or 0.5%. S&P 500 futures and contracts tied to the tech-heavy Nasdaq 100 fell 0.5% and 0.6% respectively.
Trump said Wednesday that he planned to start sending countries letters that would inform them of unilateral tariff rates, according to multiple reports, ahead of the July 9 deadline his administration has set for negotiating trade deals.
