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 giants, coming just days after US President Donald Trump's implementation of broad trade measures.

Market Impact

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

Currency Market Fluctuations

In related financial movements, the euro appreciated by 1.89% against the dollar at 4:36 am ET, trading at $1.14106.