U.S. Markets closed

China Tariffs, Oil Prices, ZTE, Praxair and Starbucks - 5 Things You Must Know

Joseph Woelfel

U.S. stock futures suggested Wall Street would open higher on Thursday, July 5, while stocks in China declined as investors braced for the first major wave of U.S. tariffs on China-made goods and the potential for a reciprocal reply from Beijing. China's Commerce Ministry spokesman, Gao Feng, told reporters Thursday that around 60% of the goods earmarked for tariffs from the White House, and set to kick in on Friday, July 6, were made by non-Chinese companies, including American-owned companies. European stocks rose Thursday, getting a boost from the auto sector, following a report from Germany's Handelsblatt newspaper that said U.S. Ambassador Richard Grenell told executives at Germany's biggest carmakers that Donald Trump would suspend his threat to slap a new 25% tariff on imports if the European Union removed its levies on U.S. cars heading into the bloc.