US Stock Market Live: Dow futures slump 650 points after China increases tariffs on US goods to 84%

US Stock Market Live: Futures on Wall Street are recovering from the lows but are still in the red after China urged dialogue with the US to resolve the trade dispute. The Dow futures are still down 550 points, while those on the S&P_ 500 and the Nasdaq are down 80 points and 230 points respectively. It must be noted that China has not announced any rollback of the 34% retaliatory tariff it announced last Friday, which will take effect from April 10.

US Stock Market Live: Futures on Wall Street are recovering from the lows but are still in the red after China urged dialogue with the US to resolve the trade dispute. The Dow futures momentarily turned positive and are seeing wild swings between gains and losses currently. It must be noted that China has not announced any rollback of the 34% retaliatory tariff it announced last Friday, which will take effect from April 10. While saying that it will fight till the end in its White Paper, China said that it has abundant means for countermeasures against the US. China now faces a 104% tariff, including the additional 50% announced by Donald Trump last week. Canada has announced retaliatory tariffs of 25% on auto imports from the US. European markets have opened lower, while Asian currencies too fell to record lows during the day.