US Stock Futures React to China's Tariff Increase

Following China's announcement to raise tariffs on US imports from 84% to 125%, US stock futures experienced a significant drop. This move intensifies trade tensions, coming shortly after President Donald Trump's comprehensive trade measures.

Market Impact

At 4:35 am ET, the Dow Jones lost 135 points (0.34%), the Nasdaq 100 fell by 0.43%, and the S&P 500 declined by 0.36%.

Currency Markets Reaction

In the currency markets, the euro saw an increase of 1.89% against the dollar at 4:36 am ET, trading at $1.14106.