Futures extend losses after China considers retaliation By Reuters

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© Reuters. Traders work on the ground at the NYSE in New York

(Reuters) – US equity futures extended their losses on Monday after China announced plans to set import tariffs for $ 60 billion worth of US products.

The futures markets were weaker sooner after the US authorities had demanded the promise of concrete changes to Chinese law and Beijing had said it would not engulf any "bitter fruit" detrimental to its interests.

At 8:13, ET, down 453 points, or 1.74%. were down 53.75 points, or 1.86% and down 182.75 points, or 2.4%.

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