President Trump on Thursday said he will impose a new 10 percent tariff on $300 billion in Chinese goods beginning on September 1. The Dow Jones Industrial Average fell more than 300 points following the announcement, and U.S. stock index futures fell further early Friday. Futures for the Dow Jones Industrial Average were down by 0.2 percent. Those of the S&P 500 and the Nasdaq fell 0.3 percent and 0.5 percent, respectively. The Dow had been up by as much as 311 points on Thursday before Trump said he would hit China with the new levies, breaking a truce in the trade war between the world's two biggest economies. The Dow then made a U-turn, closing down by 281 points, or nearly 1.1 percent.

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