kaidi2022
Updated 29 min ago
Stock Futures Dive as Trump’s Trade War Rocks Markets
The trade war has arrived and stocks are taking it badly. U.S. stock futures were tumbling in sympathy with global markets as investors reckon with the imposition of new U.S. tariffs against Mexico, Canada and China.
Dow Jones Industrial Average futures were falling 541 points, or 1.2%. S&P 500 futures were dropping 1.4% and Nasdaq 100 futures were down 1.7%.
The White House on Saturday announced a wave of tariffs against Mexico, Canada, and China. Effective Tuesday, the U.S. will impose a 25% levy on imports from Mexico and Canada, a 10% tariff on energy products from Canada, and an additional 10% tariff on China.
