India, July 11 -- Stocks may come under pressure in early trading on Friday, giving back ground after moving mostly higher over the two previous sessions. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.6 percent.
The downward momentum on Wall Street comes amid renewed concerns about President Donald Trump's escalating trade battles.
In a letter to Canadian Prime Minister Mark Carney posted on Truth Social, Trump announced a 35 percent tariff on Canadian imports effective August 1st.
Trump said the tariffs were partly due to Canada's failure to stop fentanyl from "pouring" into the U.S. and threatened to raise tariffs further if Canada retaliates.
"If Canada works with m...