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Stocks - U.S. Futures Rise as Trump Cancels Tariffs on Mexico

Wall Street pointed to a higher open on Monday after U.S. President Donald Trump announced he would refrain from placing tariffs on Mexico thanks to a deal for more cooperation on controlling illegal immigration across the border. The blue-chip Dow futures gained 107 points, or 0.4% by 6:32 AM ET (10:32 GMT), the S&P 500 futures rose 10 points, or 0.4%, while the tech-heavy Nasdaq 100 futures traded up 27 points, or 0.4%. Trump cancelled the planned implementation of 5% tariffs on all Mexican goods that was due to go in effect Monday as he touted that “there is now going to be great cooperation between Mexico and the USA”.

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