By 2:45 PM Lisbon time, the Dow Jones index fell 0.26% to 44,711.62 points, while the Nasdaq technology index declined 0.63% to 20,471.87 points.
Meanwhile, the broad S&P 500 index dropped 0.40% to 6,254.38 points.
The White House is close to finalizing several trade agreements in the coming days and will notify other countries of higher tariffs by July 9, President Donald Trump said on Sunday, with the higher tariffs expected to take effect on August 1.
Trump also threatened to impose an additional 10% tariff on countries aligning with the “anti-American policies” of the BRICS group, which includes Brazil, Russia, India, China, and South Africa.
Additionally, today’s session also highlights the decline in Tesla shares after CEO Elon Musk announced plans to launch a political party.
The electric car manufacturer’s shares dropped 7.7% to $290.89.
