Trump said 30% tariffs on the European Union and Mexico will take effect Aug. 1.
Stocks were mixed in early trading on Monday after President Donald Trump over the weekend issued 30% tariffs on the European Union and Mexico, rekindling tensions with two of the largest U.S. trade partners and threatening to raise consumer prices.
The Dow Jones Industrial Average dropped 115 points, or 0.26%, while the S &P 500 dropped 0.15%. The tech-heavy Nasdaq ticked up 0.04%.
Trump on Saturday announced new tariffs on the European Union and Mexico that will take effect on Aug. 1. That start date matches the onset of levies issued for more than 20 other countries in recent days, including top trade partners Canada, Japan and South Korea.
