(Reuters) – U.S. stock index futures dipped on Friday, following three consecutive sessions of gains, as trade worries returned after a Chinese newspaper took a hard stance on the tariff dispute between the United States and China.
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 16, 2019. REUTERS/Brendan McDermid
The trade war will only make China stronger and will never bring the country to its knees, the ruling Communist Party’s People’s Daily wrote in a front-page commentary.
Chinese stocks took the hardest hit on Friday, with the blue-chip CSI300 index dropping 2.5%, accumulating weekly losses of 2.2%.
Beijing’s higher tariffs on U.S. products on a $60 billion target list will take effect on June 1, which could