Stock Futures Stall as Market Digests Trump Tariff Fallout

Stock Futures Stall as Market Digests Trump Tariff Fallout

U.S. stock futures were stalling early Tuesday as the market grapples with possible repercussions from any tariffs imposed by President-elect Donald Trump.

Trump quashed speculation that he would pare back plans to introduce across-the-board tariffs on imports when he takes office later this month. While such taxes might help some companies that would benefit from foreign firms becoming less competitive in the U.S., on balance the tariffs will probably hurt stocks. Firms that buy and sell abroad would end up bearing the higher cost of doing business.

The market’s strength still appears to be in technology. The CES trade show in Las Vegas may help to bolster optimism about the potential of artificial intelligence and semiconductor sales.