U.S. equity futures opened lower Monday evening as traders weighed the details of an ongoing trade war between the United States and China.
, and includes a range of agricultural products. Beijing's move comes after Washington announced last week it would increase tariffs from 10% to 25% on a bulk of Chinese imports.
In a note to clients Monday, Citi said its China economists are "cautiously optimistic that a trade deal can eventually be signed." But added that the "window to avoid further escalations in US/China tensions is closing fast."
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