U.S. futures are experiencing a decline as investors react to renewed tariff threats from former President Donald Trump, who has proposed a 25% tariff increase. This comes ahead of the Federal Open Market Committee (FOMC) minutes, which are expected to provide insights into the Fed's stance on potential rate cuts and the impact of Trump's tariffs on inflation. The dollar has shown a slight increase in early trading, reflecting market focus on these developments. Wall Street is bracing for modest sell-offs as it anticipates the FOMC minutes and assesses the implications of Trump's tariff policies.