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Stock impact report

U.S. stock futures drop after Trump slaps new tariffs on China [Reuters]

Mitsubishi UFJ Financial Group, Inc (MUFG)  More Company Research Source: Reuters
PDF U.S. stock futures drop after Trump slaps new tariffs on China | Reuters 3 Min Read TOKYO (Reuters) - U.S. stock futures dropped and Asian shares are expected to come under renewed pressure on Tuesday after U.S. President Donald Trump said he will impose 10 percent U.S. tariffs on about $200 billion worth of Chinese imports. While he spared smart watches from Apple ( AAPL.O ) and some other consumer products such as bicycle helmets, he warned that if China takes retaliatory action he we will pursue another tariffs on approximately $267 billion of goods. “Considering his latest comments as well as recent falls in his support, it is hard to expect Trump to soften his stance on trade in the near future,” said Norihiro Fujito, chief investment strategist at Mitsubishi UFJ Morgan Stanley Securities. S&P500; E-mini futures ESc1 dropped 0.35 percent in early trade. That came after all three major U.S. indexes dropped on Monday, with the tech-heavy Nasdaq posting its biggest percentage loss [Read more]
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