Markets are seeking clarity on President Trump's tariffs, with the president targeting Aug. 1 for new country-specific tariffs.

Futures on Wall Street are trading with losses at the culmination of the long Independence Day weekend ahead of US President Donald Trump's looming reciprocal tariff deadline. The Dow futures are currently trading 170 points lower,

What level of tariffs will the U.S. impose on imports and when? Stock futures were falling early Monday as markets were roiled by threats of new levies but also confusion over the deadline for the proposed duties.