US equity futures are softer. Asia ended broadly lower, and Europe opened weaker. The market focus is on trade as the White House released tariff rates ahead of the August 1st deadline, with baseline reciprocal tariffs set at 10% and higher levels applied to countries without agreements. Trump granted Mexico a 90-day extension tied to border policy, raised Canada’s fentanyl tariffs to 35%, and confirmed letters are being sent to pharma companies demanding pricing changes within 60 days. Attention also remains on the Fed following Powell’s hawkish tone, with markets looking ahead to Friday’s payrolls as the next key input for rate policy.
Companies Mentioned: Salesforce, ServiceNow, Intel, Ericsson, Starbucks