US stock futures slip as Trump’s tariff hike looms
White House says the two sides will resume negotiations on Friday as the US plans to raise tariffs on $200bn worth of Chinese goods
Tokyo — US stock futures turned negative and Asian shares pared gains on Friday as global investors waited nervously to see if Washington would suspend its plan to raise tariffs on Chinese imports at midday. The White House said the two sides would resume negotiations on Friday morning in Washington after concluding the first of two days of talks on Thursday to rescue a trade deal that is close to collapsing. There was no word yet from Washington on any change to plans announced earlier this week to raise tariffs on $200bn worth of Chinese goods to 25% from 10% at 4.01am GMT. Beijing has vowed to retaliate. US President Donald Trump said on Thursday he had received a “beautiful letter” from Chinese President Xi Jinping, stoking hopes of a deal. "Even though talks don’t seem to be going that well, there’s a glimmer of hope there ... it would appear that the extension of the talks is a slight positive. But of course, they’ve been talking a long time. So it’s probably more of a mean r...
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