Wall St to open sharply lower as China raises more barriers on US goods

A specialist trader works inside a booth on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 8, 2025. REUTERS/Brendan McDermid

Wall Street's main indexes were set to open sharply lower on Wednesday after China announced more levies on U.S. goods, retaliating to President Donald Trump's reciprocal tariffs that took effect earlier in the day.

The world's second largest economy would impose additional tariffs of 84% on all U.S. goods from April 10, up from the 34% previously announced, China's finance ministry said.