US stocks futures tumble on Trump trade threat on China

📆 07/05/2019 05.51.00
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About 25 minutes into trading, the Dow Jones Industrial Average stood at 26,182.21, down 1.2%.

NEW YORK, United States - Wall Street stocks sank early Monday, joining most global bourses in tumbling as US President Donald Trump threatened new tariff measures on China.

Trump on Sunday vowed to raise tariffs to 25% from 10% on $200 billion in Chinese merchandise, expressing frustration at the pace of US-China negotiations and throwing into doubt the chances of success in a long-discussed trade deal. Trump also renewed a threat to impose tariffs on all Chinese imports to the US -- worth $539.5 billion last year.

The Twitter tirade pushed most global bourses downward. In the US, companies with large China operations or marketing strategies were solidly lower, including Apple, Caterpillar, Deere & Company and Nike.

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