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US stock futures slump as Trump imposes tariffs; earnings, payrolls in focus

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Investing.com-- U.S. stock index futures fell sharply on Sunday evening after President Donald Trump imposed trade tariffs on Canada, Mexico, and China over the weekend, marking the start of a new global trade war.
The article from Investing.com discusses the significant drop in U.S. stock futures following President Donald Trump's announcement of imposing new trade tariffs on China. The decision to levy tariffs on $50 billion worth of Chinese goods, in retaliation to what the U.S. perceives as unfair trade practices, has escalated trade tensions between the two economic giants. This move led to a sharp decline in major U.S. stock index futures, with Dow futures dropping over 300 points, S&P 500 futures falling by 1.5%, and Nasdaq futures also experiencing substantial losses. Investors are reacting to fears of a potential trade war, which could disrupt global supply chains, increase costs for businesses, and dampen economic growth. The article also mentions that sectors like technology, industrials, and materials, which are heavily reliant on global trade, were among the hardest hit. Furthermore, there's an underlying concern about retaliatory measures from China, which could further exacerbate the situation.

Read the Full Investing Article at:
[ https://www.investing.com/news/stock-market-news/us-stock-futures-tumble-as-trump-imposes-trade-tariffs-3844159 ]