US equity futures were lower pre-bell Wednesday as traders looked ahead to the minutes from the Federal Reserve's most recent policy-setting meeting, while the global tariff situation hangs in the backdrop.
Dow Jones Industrial Average futures were down 1.8%, S&P 500 futures fell 1.7%, and Nasdaq futures were 1.5% lower.
China said it is increasing tariff on imports from the US to 84% starting April 10, which follows the White House decision to lift its import levy on Chinese goods to 104%.
Oil prices were lower, with front-month global benchmark North Sea Brent crude down 6.4% at $58.89 per barrel and US West Texas Intermediate crude 6.7% lower at $55.60 per barrel.
The Federal Open Market Committee is scheduled to release the minutes from its latest meeting at 2 pm ET.
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