Equity-index futures fell and the dollar dipped after President Trump said his administration may start sending out letters imposing unilateral tariffs on trading partners as early as Friday. Ahead of his July 9 deadline for trade negotiations,

On Thursday, the president told reporters that he’ll start sending out letters on Friday informing trading partners about unilateral tariffs as high as 60-70%.

The dollar, Treasury yields and oil prices were little changed with the employment report in focus and recent data suggesting the Fed shouldn’t rush to cut rates.

U.S. stock index futures extended gains on Thursday after a stronger-than-expected June jobs report eased concerns about the health of the labor market despite uncertainties about U.S. trade policies.