US Stock Futures React to China's Increased Tariffs

Following China's announcement to escalate tariffs on US imports from 84% to 125%, US stock futures experienced a notable decline. This move intensifies the ongoing trade tensions between the two economic powerhouses, coming shortly after President Donald Trump's implementation of broad trade measures.

Market Impact at a Glance

As of 4:35 am ET, the Dow Jones dropped by 135 points, marking a 0.34% decrease, while the Nasdaq 100 and the S&P 500 saw declines of 0.43% and 0.36%, respectively.

Currency Markets Respond

In the currency markets, the euro gained strength against the dollar, rising by 1.89% to $1.14106 by 4:36 am ET, highlighting the immediate global financial repercussions of the tariff hike.