U.S. equity index futures tilt downward after President Donald Trump pledges punitive tariffs on Canadian goods effective 1 August. Bitcoin retreats. BP cautions that softer fuel prices will depress second quarter earnings. Investors confront the following developments.

S&P 500 futures slip 0.5 percent. Nasdaq 100 contracts retreat 0.4 percent. Both benchmarks closed at record levels on Wednesday. The ten year Treasury yield climbs three basis points to 4.32 percent. Gold futures advance six dollars to two thousand three hundred fifty five dollars per ounce. West Texas Intermediate crude rises forty three cents to seventy three dollars and twelve cents per barrel.

Trump posted a letter to Canadian Prime Minister Mark Carney on Truth Social late Thursday. The text states that a 35 percent tariff on all Canadian merchandise will take force on 1 August. A White House official told The Wall Street Journal that goods compliant with the U.S.-Mexico-Canada Agreement may receive temporary relief. The official added that the exemption remains subject to revision. Carney replied on X that Ottawa negotiates toward a bilateral accord before the deadline.

Bitcoin drops 2.1 percent to ninety one thousand four hundred dollars. Riot Platforms shares climb 6.5 percent in pre market activity. BP attributes the profit warning to Brent crude averaging sixty seven dollars and eighty-eight cents per barrel in the second quarter versus seventy five dollars and seventy-three cents in the first. The company now expects upstream output to exceed prior guidance. Shell but also TotalEnergies issued comparable alerts last week. BP’s American depositary receipts trade two percent higher before the bell.