Stocks are diving as the US and China struggle to schedule trade talks after ramping up tariffs

European equities and US futures dropped Tuesday as traders reacted to the latest escalation in the US-China trade war and the two sides' failure to schedule talks to resolve the dispute. The Trump administration slapped tariffs on $112 billion in Chinese goods on Sunday, and China retaliated with the first of two batches of duties targeting $75 billion worth of US goods. The two governments have struggled to schedule trade talks expected to take place this month.

European equities and US futures dropped Tuesday as traders reacted to the latest escalation in the US-China trade war and the two sides' failure to schedule talks to resolve the dispute. The Trump administration slapped tariffs on $112 billion in Chinese goods on Sunday, and China retaliated with the first of two batches of duties targeting $75 billion worth of US goods. The two governments have struggled to schedule trade talks expected to take place this month.

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