U.S. stock index futures fell on Friday after the Trump administration said it will impose a 25% charge on $50 billion in Chinese goods.
Futures for the Dow Jones Industrials tumbled 157 points, or 0.6%, to 25,048
S&P 500 futures dipped 10.75 points or 0.4%, to 2,777.75, while futures for the NASDAQ composite index gave back 17.75 points, or 0.2%, to 7,293.50
In earnings, Canada Goose is scheduled to publish its latest corporate results.
In a statement Friday, President Donald Trump said the measures would affect Chinese goods "that contain industrially significant technologies," without specifying those products. He added that the action comes "in light of China's theft of intellectual property and technology and its other unfair trade practices."
Switching focus, a slew of economic data are due. At 8:30 a.m. ET, the Empire State manufacturing survey was due out, followed by industrial production at 9:15 a.m. ET, consumer sentiment at 10 a.m. ET and Treasury International Capital figures, out at 4 p.m. ET.
Friday also marks Quadruple Witching Day, where volatility is likely as stock index futures, stock index options, stock options, and single-stock futures expire.
In Japan, the Nikkei 225 gained 0.5% Friday, while in Hong Kong, the Hang Seng Index removed 0.4%. European bourses came under pressure, too.
Oil prices lost 20 cents to $66.69 U.S. per barrel.
Gold prices slid $7.20 to $1,301.10 U.S. an ounce.
