Dow Futures Drop 1% As Trump Seeks Tariffs On $200 Billion in Chinese Goods

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U.S. stock futures traded lower Tuesday night after the White House announced a list of tariffs on $200 billion in Chinese goods.  Dow Jones mini futures fell 1 percent as investors digested the latest escalation in trade tensions between the two economies.

Dow Jones Industrial Average Dives Sharply Downward

As of 8:50 p.m. ET, the implied open for the Dow Jones Industrial Average was more than 200 points lower. The implied opens for the S&P 500 and the Nasdaq were also in the red.

The list unveiled late Tuesday was the latest in an ongoing trade dispute between the world’s two largest economies.

 

 

U.S. Trade Representative Robert Lighthizer called the Trump administration’s response an “appropriate” one and said China’s retaliatory measures were “without any international legal basis or justification.”

 

U.S. stocks had closed higher on Tuesday prior to the tariff list announcement, with the Dow rising 0.58 percent to 24,919.66 and the S&P 500 adding 0.35 percent to 2,793.84.

Written By: Tommy Lightfoot Garrett
Photographs are Courtesy:  AP
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