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Dow Futures Down 150 Points As Trump Announces Fresh Tariffs Against South Korea For Not Following Through On 'Historic Trade Agreement'

Editor’s Note: The headline in this story has been updated for clarity

U.S. stock futures are trading mixed on Monday night after President Donald Trump announced fresh tariffs against South Korea, for not “living up to” the trade agreement signed with the United States in July last year.

The S&P 500 Futures are up 0.05%, or 4.25 points, trading at 6,985.25, followed by Nasdaq Futures at 25,913.25, up 0.24%, or 62.25 points and finally Dow Futures, trading at 49,416.00, down 149 points, or 0.30%, on late Tuesday evening.

In a post on Truth Social on Monday, Trump said he would raise tariffs on South Korean automotives, lumber, pharmaceuticals and other major exports from 15% to 25%, citing failure of the country’s legislature to pass what he described as a “historic trade agreement.”