U.S. Stock Index Futures Tumble on Renewed Trade War Jitters

(Bloomberg) -- U.S. equity index futures fell while European stocks reversed early gains amid renewed worries over a potential global trade war as President Donald Trump is set to approve new tariffs on Chinese goods.

S&P 500 Index futures were down 0.4 percent around 04:25 a.m. in New York in volatile trading, while Dow Jones futures were down 0.5 percent and contracts on Nasdaq futures dropped 0.2 percent.

U.S. Stock Index Futures Tumble on Renewed Trade War Jitters

Trump has approved tariffs on Chinese goods worth about $50 billion, said a person familiar with the decision. The U.S. is also nearing completion of a second list of products ordered by Trump, worth $100 billion, which would be subject to the same public hearing process as the first, Reuters reported on Friday.

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