The Wall Street tumbled on Wednesday as the investors are becoming increasingly concerned about the U.S trade woes with China and Canada.
The Dow Jones Industrial Average futures opened lower at 25,919.84. The S&P 500 and NASDAQ continued the slump with both of them opening at 2891.32 and 8073.53.
The trade relationship of the U.S with China is escalating with the President, Donald Trump announcing to impose new tariffs on $200 billion worth of Chinese goods.
Moreover, the demand of Canada to replace the existing North American Free Trade Agreement (NAFTA) pact has not found any support from the President. Another round of meeting between the U.S and Canada is scheduled to take place Friday this week.