Futures sink after U.S. advances $200B tariff threat against China
2018-07-11 07:42:34
Futures are pointing to opening losses for the major averages after the U.S Trade Representative released a list of $200B more in Chinese imports that may become subject to 10% tariffs, as previously threatened. The list includes products across sectors including consumer technology, agriculture and auto parts and equipment and comes just days after the U.S. put in place $34B in tariffs on Chinese goods, which had been met with an immediate response from China. Data on the domestic economic calendar includes the Producer Prices Index for June at 8:30 am ET and a report on wholesale trade and inventories for May at 10 am ET. In early pre-market trading, Dow futures are 190 points below fair value, Nasdaq futures are 57 points below fair value and S&P futures are 18 points below fair value.