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US stock futures fell on Monday as investors braced for this week’s so-called ‘Liberation Day’, when President Donald Trump is set to impose a 25% tariff on imported cars and unveil plans for reciprocal trade duties. Over the weekend, Trump stated he “couldn’t care less” if foreign automakers respond by raising prices. The Wall Street Journal also reported that the president is pressuring his advisors to take a more aggressive stance on trade policy. Last week, major stock indexes initially rallied but later resumed their downturn. The Dow dropped 0.96%, the S&P 500 fell 1.53%, and the Nasdaq Composite plunged 2.59%, as markets grew concerned that Trump’s tariffs could spark retaliation from key trading partners, potentially weighing on the US economy. Investors are also watching for this week’s monthly jobs report and a wave of corporate earnings releases, with companies like PVH, Restoration Hardware, and Constellation Brands set to report.
