Stocks- U.S. Futures Dip Lower As Trade Tensions Rise

U.S. futures were lower on Thursday as global trade tensions kept investors on edge. The S&P 500 futures lost seven points or 0.25% to 2,765.0 as of 6:45 AM ET (10:45 GMT) while Dow futures decreased 85 points or 0.34% to 24,585.0. Meanwhile tech heavy Nasdaq 100 futures fell 18 points or 0.25% to 7,294.75. The European Union is expected to impose tariffs on about $3.4 billion of U.S. imports on Friday, including motorcycles, orange juice and cranberry sauce. The expected tariffs have added to tensions as investors fear an outright global trade war between the U.S., the EU, and China. Tensions between the U.S. and China have also continued, as the two largest economies in the world faced a tit-for-tat over trade tariffs. Earlier this week U.S. President Donald Trump threatened to impose tariffs on another $200 billion of Chinese goods.