(ZT)
Domestic stock futures turned negative Friday morning after China announced it would be imposing tariffs on additional U.S. goods as retaliation against the Trump administration’s levies due to take effect September 1.
China’s Finance Ministry said in a statement that it would be imposing tariffs on an additional about $75 billion worth of U.S. goods, set to take effect in two batches on September 1 and December 15. The Trump administration has also previously announced some tariffs on Chinese imports would take effect September 1, while others would hit in mid-December.