Stock futures traded lower Monday, kicking off a new month in the red as the U.S. and China accused one another of violating a 90-day trade truce they had brokered in Geneva last month.

These stocks were poised to make moves Monday:

Cleveland-Cliffs shares soared 30% in premarket trading, Steel Dynamics rose 14%, and Nucor jumped 13% after President Donald Trump announced he would raise tariffs on imported steel to 50% from 25%, saying the move would strengthen the domestic steel industry. He made the announcement late Friday at a rally near Pittsburgh celebrating a $14 billion deal between U.S. Steel and Japan's Nippon Steel. U.S. Steel shares were down slightly.

Tesla declined 2.1% in premarket trading as Trump says automakers, Tesla must build cars, parts in US. Chinese electric-vehicle companies posted another strong month of growth in May. U.S.-listed shares of Li Auto fell 1.3% after the company delivered 40,856 vehicles in May, up 17% from a year earlier. XPeng saw deliveries jump 230% from last year to 33,525. The stock slipped 0.4%. NIO's deliveries rose 13% to 23,231 vehicles in May. NIO shares were up 2%.

BYD, the largest EV maker in China, delivered 376,930 passenger vehicles, up 14% from a year earlier, including 204,369 battery-electric models, or BEVs. BYD shares in Hong Kong fell 1.9%.

Blueprint Medicines jumped 27% to $128.78 after France's Sanofi reached a deal to buy the immunology-disease specialist for up to $9.5 billion. Sanofi will pay $129 a share in cash at closing and a contingent value right that will entitle Blueprint Medicines shareholders to receive up to $6 a share subject to certain development and regulatory milestones.

Earnings reports are expected Monday from Credo Technology, Campbell's, and Science Applications International.

Reports are expected later in the week from Broadcom, CrowdStrike Holdings, Hewlett Packard Enterprise, Lululemon Athletica, Dollar General, Dollar Tree, NIO, Rubrik, Docusign, Brown-Forman, and Ciena.