[MARKET UPDATE] US equity futures open slightly softer, while oil prices are lower by around 1% amid trade uncertainty after US President Trump announced to raise the global flat-rate tariff to 15% from 10% in response to the SCOTUS decision on tariffs

US equity futures open slightly softer, while oil prices are lower by around 1% amid trade uncertainty after US President Trump announced to raise the global flat-rate tariff to 15% from 10% in response to the SCOTUS decision on tariffs.

The reopening of US equity futures slightly lower, coupled with a 1% drop in oil prices, suggests that market participants are reacting to President Trump's announcement regarding tariff increases on a global scale. This trade uncertainty may dampen investor sentiment and influence the risk appetite across various asset classes, particularly impacting commodities and related currencies.