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US stock futures fall after Trump says 20-30% tariffs a year from now would be a victory [USA TODAY]
Last gilead sciences, inc. earnings: 4/30 04:01 pm
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US:NASDAQ Investor Relations: investors.gilead.com
President said in a he would consider it a victory if the U.S. had 20% to 50% tariffs on foreign imports a year from now. Many economists see tariffs as fuel for inflation while slowing down the economy. At 7:37 a.m. ET, blue-chip Dow futures slid 0.3%, or 122 points, to 40,140.00; broad S&P 500 futures fell 0.14%, or 7.5 points, to 5,503.75; and tech-laden Nasdaq futures eased 0.22%, or 41.75 points, to 19,280.25. All three indexes are on pace to close the week higher. Trump's comments come after on Thursday to three on hopes trade talks with China are progressing. Despite China's denial it's negotiating with the U.S., that China's government is considering suspending its 125% tariff on some U.S. imports. It's considering waiving additional taxes for medical equipment and some industrial chemicals like ethane and waiving the tariff for plane leases, the story said. Corporate news Google-parent Alphabet's results from the first three months of the year topped analysts' expect
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