Dow Futures plunges that Wall Street weighs the probability of Trump's last pricing threat, while American eyes call to resolve China trade

• The so-called Taco trade will be tested Friday evening, the market responds to President Donald Trump's announcement that he will double the 50%steel rates. Meanwhile, administration officials seemed optimistic that the Trump and President Xi Jinping could settle the hooks in American-Chinese trade.

The actions pointed out a little more decrease on Sunday evening after President Donald Trump rekindled fears of the trade war to double the steel prices on Friday.

The so-called Taco trade will be tested while the markets are waiting to see if Trump will really follow his last threat or if he will soon put him on hold.

The term contracts for the industrial average of Dow Jones fell by 89 points, or 0.21%. The term contracts on S&P 500 slipped by 0.23%, while the term contracts on the NASDAQ dropped by 0.31%.

The yield on the 10 -year treasure was essentially stable at 4.442%. The dollar dropped 0.21% compared to the euro and 0.31% compared to the yen.

Gold joined 0.63% to $ 3,309.50 per ounce. American oil prices increased by $ 62.08 per barrel from $ 62.08 despite OPEC + accepting another wave of supply.

Trump said on Friday evening that he would increase steel prices to 50%, going from 25%, which caused a threat of European Union reprisals during the weekend.

The announcement of the steel administration intervened a few days after a rule of the American commercial court according to which the legal basis of the reciprocal tariffs of Trump was not valid. But its prices on certain industries, including steel, aluminum and cars, is based on a separate order based on national security.

Meanwhile, administration officials seemed optimistic that the Trump and President Xi Jinping could settle the hooks in American-Chinese trade.

It was after Trump said that Beijing raped an agreement concluded in Geneva, Switzerland last month when the two parties reduced their respective prices to prohibitive levels. China has also agreed to reopen access to rare land, but the United States said it was slow respect for the pact.

Sunday, the secretary of the Treasury, Scott Bessent Face the nation that the two heads of state could facilitate Logjam.

“I am convinced that when President Trump and Party President XI have a call, it will be calculated,” he said.

Asked about a calendar for a call, Bessent replied: “I think we will see something very soon.”

Meanwhile, the markets are heading for a large week of economic data and comments while Wall Street awaits more clues to prices that have an impact on the economy.

Monday, the manufacturer of the Institute for Supply Management will be released. On Tuesday, the Labor Department will publish its job offers and its work ride report. Wednesday, ADP publishes its data on private payrolls. Thursday, the Labor Department will publish weekly complaints on unemployment on Friday, before its monthly job report.

Several officials of the Federal Reserve will speak throughout the week. On Monday, President Jerome Powell will speak at 1 p.m. during a conference on the Fed in Washington, DC La Fed will also publish his beige book on Wednesday.

This story was initially presented on Fortune.com