US stock futures wavered as Wall Street braced for the release of the May inflation report as well as the culmination of US-China trade talks in London.

Futures on Wall Street are sulking this morning despite both US and China reaching a broad consensus to implement the Geneva trade agreement that both countries had arrived on last month. The Dow futures are down 110 points,

Trump’s tariffs and the trade war continue to affect global markets. Follow along for live updates on the Dow, S&P 500, Nasdaq and inflation.

Trump said on late Friday he planned to increase tariffs on imported steel and aluminum to 50% from 25% starting Wednesday, just hours after he accused China of violating an agreement. Shares of U.S. steel companies rose in premarket trading, with Cleveland-Cliffs jumping 25.6%, Nucor up 10.6% and Steel Dynamics 11.4% higher.