US stock futures fell Sunday evening as Wall Street braces for a turbulent week, with renewed trade tensions and a wave of second-quarter earnings set to test investor sentiment. The moves follow President Donald Trump's announcement Saturday that the US will impose 30% tariffs on goods from the European Union and Mexico starting August 1.

Futures on Wall Street are continuing from where they left off on Friday, as profit booking continued from higher levels amidst the increasing trade uncertainties. The Dow futures are currently down 200 points,

German Chancellor Friedrich Merz said that Trump’s threat of 30% tariffs on goods from the European Union would hit the German export industry “to the core,” and vowed to work toward a solution.