14 July 2025 | S&P 500 | DAX

US stocks decline due to Donald Trump's new trade policy decisions

US stocks decline due to Donald Trump's new trade policy decisions

American and European stocks went lower on Monday amid new announcements by US President Donald Trump on trade tariffs. On Saturday, he stated his intention to impose 30% duties on most imports from the EU and Mexico starting August 1.

European Union officials said they would continue to push for a negotiated settlement of trade tensions. However, Germany's finance minister called for decisive action if the US imposes import duties.

As noted by Reuters, investors have mostly adapted to Trump's policy methods. In this regard, the fall in stocks was not pronounced—the S&P 500 declined by 0.4%. The DAX fell 0.7%. It is worth noting that the reporting season kicks off this week with the release of data from major US banks on Tuesday.

According to LSEG IBES, companies in the S&P 500 are expected to show an increase in earnings by 5.8% year-on-year. Early estimates from April suggested they would grow 10.2%. Analysts at Bank of America forecast that earnings growth is likely to slow to 4%. In the previous quarter, growth was 13%. Nevertheless, experts expect some improvement in the medium term.

Anton Volkov MarketCheese
Period: 24.08.2026 Expectation: 700 pips
Invest in AUDCAD up to 0.99000
24 July 2026 32
Period: 31.07.2026 Expectation: 1700 pips
GBPUSD might keep falling towards lower boundary of descending triangle
24 July 2026 36
Period: 24.08.2026 Expectation: 4200 pips
Buying USDCAD ahead of Fed meeting
24 July 2026 31
Period: 31.08.2026 Expectation: 200 pips
Invest in EURUSD with 1.1400 in sight
24 July 2026 21
Period: 31.07.2026 Expectation: 755 pips
Brent crude is trading at multi‑month peaks
24 July 2026 51
Gold buy
Period: 23.08.2026 Expectation: 300 pips
Buying gold up to $4,400
23 July 2026 77
Go to forecasts