US markets today: Wall Street dips after Donald Trump announces new tariffs on EU and Mexico, investor eye earnings season

US stock markets experienced a slight downturn following President Trump's announcement of new tariffs on EU and Mexico goods, sparking trade tension concerns. Despite this, major indexes remained near record highs as investors anticipated potential negotiations before the August 1 deadline. Meanwhile, investors are shifting focus to earnings season, with key banks set to report quarterly results.

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