US Stock Futures React to China's Tariff Increase

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 trade tensions between the two economic powerhouses, coming shortly after President Donald Trump's implementation of comprehensive trade measures.

Market Impact

As of 4:35 am ET, the Dow Jones Industrial Average dropped by 135 points, marking a 0.34% decrease. Similarly, the Nasdaq 100 and the S&P 500 saw declines of 0.43% and 0.36%, respectively, signaling a cautious response from investors to the escalating trade dispute.

Currency Markets Reaction

In the currency markets, the euro gained strength against the dollar, rising by 1.89% to $1.14106 at 4:36 am ET, reflecting the shifting dynamics in global trade relations.