U.S. stock index futures were lower Tuesday, after the world's two largest economies began imposing new tariffs on one another's goods.
were both lower. The moves in pre-market trade come after investors observed a market holiday on Monday.
The U.S. imposed 15% tariffs on a variety of Chinese goods on Sunday, while China imposed new charges on U.S. products from September 1. It marked theThe U.S. and China have imposed tariffs on billions of dollars' worth of one another's goods since the start of 2018, battering financial markets and souring business and consumer sentiment.has said officials from both sides were still planning to meet later this month, despite rising tensions.
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