Exxon Mobil's stock fell by 1.31 percent as President Trump announced a 30% tariff on European and Mexican imports starting August 1st. The move impacts global trade and energy markets, causing crude oil prices to drop by 1.5% to below $67.60 per barrel. The announcement comes ahead of an important CPI report, which is influencing broader market sentiment. While natural gas prices rose, oil’s decline weighs on ExxonMobil’s stock. Analysts note that tariffs may hinder global growth and energy demand.