U.S. stock futures all moved into positive territory Friday after initially being in the red following China’s announcement that it is raising tariffs on U.S. imports to 125% from 84%, escalating the trade war between the two countries. Beijing’s move takes effect Saturday and follows President Trump hiking U.S. levies on imports from China to a 145%.
As of 6:38 a.m. EDT, S&P 500 futures were up 0.84%, Dow Jones Industrial Average futures had climbed 0.68% and futures for the Nasdaq composite were 0.93% higher, Yahoo Finance reported.
Markets in Asia were under pressure Friday following a swoon on Wall Street Thursday, French news agency AFP reported.
Tokyo declined more than 4% — a day after surging more than 9% — while Seoul, Sydney, Singapore and others also fell.
European markets lost ground after China’s latest trade salvo.
