Stock Futures Dip As U.S.-China Tariffs Kick In

(Reuters) - U.S. stock index futures dipped on Friday after the United States and China slapped tit-for-tat duties on $34 billion worth of each other’s imports, triggering what Beijing called the “largest-scale trade war.” While U.S. goods to China including autos and agricultural products would face 25 percent tariffs, Washington imposed duties on Chinese products such as motor vehicles, computer disk drives, parts of pumps, valves and printers.