President Trump threatens tariffs, causing minor market drops but limited overall impact.

US trade threats by President Trump, including a 30% tariff on imports from the EU and Mexico starting August 1, have caused modest drops in Wall Street and Asian stocks. The EU has suspended countermeasures while seeking a negotiated settlement. Despite the tariffs, markets have shown limited reaction, with the S&P 500 companies expected to see a 5.8% increase in profits, down from an earlier 10.2% forecast.