Replies to post #7420 on Charlotte's Web Holdings Inc (CWBHF)

[JohnCM]

Dow Jones Futures: Trump Sees 'Very Successful' China Trade Talks Soon

11:35 PM ET

Dow Jones futures turned higher late Monday, along with S&P 500 futures and Nasdaq futures, after President Donald Trump said we'll "know in three or four weeks" if China trade talks succeed. Earlier Monday night, the U.S. detailed plans to impose 25% tariffs on the remaining $300 billion worth of Chinese goods. That would further escalate the China trade war and slap penalties on the iPhone and other Apple (AAPL) products made in China.

That comes after the key indexes and Apple stock tumbled through key support levels Monday as Beijing retaliated vs. Friday's big U.S. tariff hike.

The current stock market rally already had come under pressure last week. Even worse, growth stocks that had held up or rallied last week — such as Zscaler (ZS), HubSpot (HUBS) and Mimecast (MIME) — were notable losers Monday.

To follow the stock market, investors should follow the major averages and the leading stocks. By both measures, the recent action has not been good for the current stock market rally that started after Christmas. This is an important day to read The Big Picture.

Dow Jones Futures Today

Dow Jones futures rose 0.3% vs. fair value, reversing modest losses. S&P 500 futures climbed 0.3%. Nasdaq 100 futures advanced 0.4%. Remember that overnight action in Dow futures and elsewhere doesn't necessarily translate into actual trading in the next regular stock market session.

U.S. Tariffs Planned For $300 Billion More

Late Monday, the U.S. Trade Representative's Office released plans to impose 25% tariffs on the $300 billion worth of Chinese goods that have not been taxed so far. President Donald Trump has been threatening such a move even as he raised tariffs on $200 billion worth of goods to 25% from 10%.

Trump remained upbeat on China trade talks later in the evening: "We'll let you know in about three or four weeks whether of not it was successful. ... But I have a feeling it's going to be very successful."

On Monday morning, Beijing said it would impose tariffs on an additional $60 billion of U.S. goods.

Both sides seem to be digging in after China trade talks broke down. Trump aims to further escalate the China trade war, though the $300 billion in tariffs won't happen for several weeks at least. But they would mostly hit consumer goods, such as smartphones, computers and textiles. That suggests that the Apple iPhone would finally face a stiff penalty, likely hurting Apple and U.S. customers.