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Aug. 25, 2019, 10:10 p.m. EDT

U.S stock futures fall following Trump's tariff hikes against China

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By Mike Murphy

U.S. stock markets futures sharply dropped in early trading Sunday, following comments by President Donald Trump on Friday that escalated trade-war tensions. Dow Jones Industrial Average futures /zigman2/quotes/210407078/delayed YM00 +0.06% initially fell more than 300 points, or more than 1%, but recovered somewhat as the trading session progressed, and were last down about 200 points. S&P 500 futures /zigman2/quotes/209948968/delayed ES00 +0.06% and Nasdaq Composite futures /zigman2/quotes/210219788/delayed NQ00 +0.18% also initially dropped by more than 1% each, but narrowed losses as the trading day progressed. On Friday, Trump said he would raise tariffs on $250 billion of Chinese goods to 30% from 25% starting Oct. 1, and hike tariffs on another $300 billion in Chinese imports to 15% from 10%, in two stages, on Sept. 1 and Dec. 15. Trump said Sunday at the G-7 summit in France that he had some regrets about hiking the tariffs, which the White House later clarified as meaning he regrets he didn't raise them higher.

/zigman2/quotes/210407078/delayed
US : U.S.: CBOT
$ 27,094.00
+16.00 +0.06%
Volume: 6,985
Sept. 20, 2019 12:02a
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/zigman2/quotes/209948968/delayed
US : U.S.: CME
$ 3,009.75
+1.85 +0.06%
Volume: 34,117
Sept. 20, 2019 12:02a
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/zigman2/quotes/210219788/delayed
US : U.S.: CME
$ 7,932.00
+14.00 +0.18%
Volume: 15,958
Sept. 20, 2019 12:02a
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