A container ship sails out of the port in Qingdao, in China's eastern Shandong province, on August 7. AFP/Getty Images
US stock futures rose Sunday after President Donald Trump said, “Don’t worry about China,” following a sell-off on Friday.
Dow futures were up 0.8%, S&P 500 futures rose 1.04% and Nasdaq futures climbed 1.34%, as of 6:32 p.m. ET.
Stocks closed sharply lower on Friday after Trump threatened an additional 100% tariff on Chinese goods, slated to take effect on November 1. That would bring duties on imports from China to 130% — not far from the 145% rate imposed at the height of the tariff war. The S&P 500 and Nasdaq posted their worst day since April. The Dow posted its worst day since May.
But on Sunday afternoon, Trump appeared to hint that he may not follow through