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The Nasdaq includes a large number of technology stocks that could be particularly affected by higher tariffs on Chinese products.
A dark opening for US stocks Monday would follow a record week. The Nasdaq closed at a high of 8,164 on Friday, and the S & P 500 index was close to its all-time high set earlier in the week. The Dow was nearing its all-time record in October.
President Trump warned that he was considering raising tariffs on Chinese goods by $ 200 billion, from 10% to 25%, thereby reactivating a threat that he had eliminated there. many months ago.
The sudden escalation of trade tensions could hurt investors unawares. The US and Chinese authorities had not only indicated that a trade deal was imminent, but hopes for commercial peace had also helped to boost US stocks this year.
Trump said he thought the negotiations were progressing too slowly and that the tariff increase could take place "shortly". He also warned that his administration could tax almost all Chinese exports of about $ 500 billion to the United States.
The two countries had planned a critical week of negotiations to end a long-running trade war that will last the year.
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