Dow futures drop as report says White House mulls global tariff of up to 20% on nearly all trading partners

• US stock futures fell on Sunday evening When Wall Street was brought in the last hall of President Donald Trump. Is Wall Street Journal It said that the consultants considered 20% of the global tariff for almost all countries, although mutual tariffs are still an option. It follows an earlier report that Trump looks more aggressive responsibilities to reset US economy.

Investors touch to a potentially pimping swim, as the most important week to markets and economy, President Donald Trump’s trading war reports.

Defame Futures are down more than 180 points, or 0.43%, and S & P 500 futures fell by 0.5% and Nsdak The future has decreased by 0.7%. It follows Friday sale, which saw that the broad market index sank 2%.

The tariff news prevailed on weekends and states that more escalation. Sources told Sunday Wall Street Journal The fact that Trump pushes his advisers to remain more aggressive on tariffs, including wider rates in a wider range of nations.

One version of the recent days is up to 20% global tariff, which hits almost all US partners, turning the idea into a campaign path.

The interest rate of 20% will later rise. Earlier, Fitch Ratings estimated that if Trump carried out all his previous programs, the effective level of US tariffs may be 18% in 90 years.

Mutual tariffs where the United States meets other countries or commercial barriers is still an option according to MagazineBut a source said that Trump wants a “big and simple” policy.

This implies that the final tariff policy will be broader than the “Dirty 15” plan of Scott Besse, the Treasury Secretary.

The White House did not immediately respond to the comment request.

Similarly, WASHINGTON POST Saturday reported that Trump Discusses a One universal tariff as within the framework of the efforts to transform the US economy fundamentally.

This means that most imports will stand at the same pace, regardless of which country they are from which it is less likely to look less.

Intensive discussions on Wednesday continue to collect victory as a “Liberation Day” when its next batch of tariffs will be presented.

Trump has already slapped tariffs on China, Canada, Mexico, steel, aluminum and cars, while threatening duties of pharmaceuticals, chips, wood and EU.

Last week he suggested he would show some “flexibility” Mutual tariffs and earlier They are reported that they will be more targetsRaising hopes in Wall Street that their influence would be less difficult.

But after collecting shares, his Announcement of car tariffs On Wednesday, another sale was introduced, which was also burned with signs that tariffs deteriorated inflation, as well as expectations of future consumer inflation.

Also on Saturday, Trump was standing at his car ratesby telling NBC News: that they are permanent and that he does not care that they force loot to raise prices.

“I didn’t think less if they raise prices, because people are going to start buying American cars,” he said. “I couldn’t care less. I hope they raise their prices, because if they do, people go to American cars. We have a lot. “

Trump later said that if the prices of foreign cars rise, consumers will buy American cars.

Meanwhile, these weeks are several major reports that can reveal how emphasized the economy from Trump tariffs and reduction of sharp federal works.

The institute of the Institute for the Production of the Institute of Supply Management for March will be left out on Tuesday, and the Department of Labor will give up the opening and circulation of February jobs.

On Wednesday, ADP will release private sector salary data in March. On Thursday, ISM will publish its monthly service index, and the job department reports on weekly unemployed demands.

On Friday, the job section will lead to its highly predicted March jobs, and Federal Reserve President Jerome Powell is also planned.

This story was originally shown Fortune.com