Stock market indices fell amid rising tariff tensions and Tesla shares declined after Elon Musk's political party announcement. The U.S. plans to finalize trade pacts soon, and Trump's tariffs could impact the Federal Reserve's monetary policy decisions.

Wall Street is opening lower as the Trump administration steps up pressure on trading partners to make trade deals before a Wednesday deadline. The S&P 500 was down 0.4% in early trading Monday. The Dow Jones Industrial Average fell 102 points,

President Donald Trump is increasingly expected to push back a deadline for the return of sweeping tariffs, and White House officials are offering conflicting accounts about a path forward. — The European Union is coming to terms with U.