U.S. Futures Set to Open Lower After China Threatens Retaliation for Tariffs #China #Futures #Tariffs
U.S. futures set to open lower after China threatens retaliation for tariffs. Chinese officials announced a plan to add tariffs on another $75B of U.S. goods that will mostly be in the range of 5 and 10% and go into effect on September 1st and December 15th. An exception to the 5-10% range will be automobiles and automobile parts, which will be hit with a 25% tariff. European shares also moved lower after the retaliatory tariffs from China on U.S. goods. Asian shares closed higher on the day as markets closed prior to the latest tariff announcements.
US Futures Lower / Asia Higher / EU Lower / WTI @ 53.82 -1.53 / Brent 58.84 -1.08 / Nat Gas @ 2.13 -0.03 / Gold @ 1511.30 +2.80 / Platinum 851.36 -6.92 / Silver @ 17.08 +0.04 / Copper @ 2.54 -0.02 / AGS Mixed / Euro @ 1.1067 -0.0011 / 10 Yr UST @ 1.61% / 30 Yr @ 2.12%