India, Aug. 1 -- The major U.S. index futures are currently pointing to a notably lower open for the markets on Friday, with stocks likely to see continued weakness following the downturn seen over the course of the previous session.
Concerns about the economic impact of President Donald Trump's tariffs are likely to weigh on Wall Street, as the White House announced new tariff rates on dozens of countries.
The new tariffs range from just 10 percent to as high as 41 percent, and the White House said a 40 percent levy will be imposed on goods that have been transshipped to evade applicable duties.
"Investors have been caught off guard, having previously hoped Trump would kick the new tariff levels down the road pending further negotiation...