Dow, S&P 500, Nasdaq futures held steady on Wednesday even as Donald Trump’s sharp tariff hike on steel and aluminum imports rattled trade talks. The President doubled duties from 25% to 50%, excluding only the UK.

A US trade court decision that put at least a temporary pause on many of President Trump's wide-ranging tariffs isn't cooling Wall Street's fears over policy uncertainty. "It is not clear that this is a catalyst for a sustained new risk-on [trade],