Tariffs Impact on U.S. Stock Futures: A Slight Rise Despite China's Hike
Tariffs Impact on U.S. Stock Futures
U.S. stock futures all moved into positive territory Friday after initially being in the red following China's announcement that it is raising tariffs on U.S. imports to 125% from 84%. The rise marks the latest escalation in the trade war between the two countries.
Beijing's move takes effect Saturday and follows President Trump hiking U.S. levies on imports from China to 145%. As of 7:40 a.m. EDT, S&P 500 futures were up 0.25%, Dow Jones Industrial Average futures had climbed 0.19%, and futures for the Nasdaq composite were 0.22% higher, Yahoo Finance reported.
Global Market Reactions to Tariffs
Global shares wobbled Friday after Beijing's announcement, with Japan and some European markets slipping while others stood firm. The deepening worries over the trade war caused Tokyo's benchmark to initially fall more than 5%. It later regained some ground, closing 3% lower at 33,585.58.
The new 125% tariff matches the level of U.S. tariffs not including an earlier 20% imposed weeks ago. Investors are keenly monitoring these developments as they weigh the potential impacts on market stability and growth.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.