The Latest on rising trade tensions following comments by President Donald Trump (all times local):
9:05 a.m.
President Donald Trump is indicating that he's ready to hit every product imported from China with tariffs, sending U.S. markets sliding before the opening bell.
In a taped interview with the business channel CNBC, Trump said "I'm willing to go to 500," referring roughly to the $505.5 billion in goods imported last year from China.
The administration to date has slapped tariffs on $34 billion of Chinese goods in a trade dispute over what it calls the nation's predatory practices.
Dow futures that had already been pointing modestly lower slid sharply about a half hour before the opening bell.
The yuan dipped to a 12-month low of 6.8 to the dollar, off by 7.6 percent since mid-February.
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