Stock Futures Decline Following China's Tariff Hike

In a bold move that escalates trade tensions, China has announced an increase in tariffs on US imports, raising them from 84% to 125%. This decision comes shortly after the US implemented sweeping trade measures under President Donald Trump's administration.

Market Reaction

By 4:35 am ET, the Dow Jones had dropped 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. Meanwhile, the euro strengthened against the dollar, rising by 1.89% to $1.14106 by 4:36 am ET.