U.S. stock index futures dipped on Monday after President Donald Trump announced plans to double tariffs on imported steel and aluminum, amplifying concerns about trade- and tariff-related volatility.

U.S. stock futures are lower after President Donald Trump announced plans to double tariffs on imported steel and aluminum.

President Donald Trump’s doubling of tariffs on foreign steel and aluminum could hit Americans in an unexpected place: grocery aisles

China and the United States are accusing each other of reneging on their tariff truce as tensions rise over rare earths exports, computer chips and student visas.

China said on Monday that U.S. President Donald Trump's accusations that Beijing had violated the consensus reached in Geneva trade talks were "groundless", and promised to take forceful measures to safeguard its interests.

China accused the U.S. of violating an agreement made at their tariff-cutting discussions in Geneva in May, and said it will take further action as the trade dispute between the world's two largest economies blows open again.

Treasury Secretary Scott Bessent said he believes President Trump and Chinese President Xi Jinping will speak soon, after Mr. Trump said China violated its trade agreement with the U.S.

"I am confident that when President Trump and Party Chairman Xi have a call, that this will be ironed out. But the fact that they are withholding some of the products that they ag

U.S. Treasury Secretary Bessent said he believes President Donald Trump and Chinese President Xi Jinping will speak soon to address trade issues, including rare minerals. "I believe we'll see something very soon,