US equity futures fell ahead of Monday's opening bell as investors digested developments surrounding the global tariff situation.

Dow Jones Industrial Average futures were down 0.8%, S&P 500 futures fell 1.1%, and Nasdaq futures were 1.4% lower.

China's commerce ministry warned it will take countermeasures against countries negotiating with the US at its expense.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 2.4% at $66.36 per barrel and US West Texas Intermediate crude 2.6% lower at $62.38 per barrel.

Forecasters see a 0.5% fall in the index of leading economic indicators for March, slated for 10 am ET, after a 0.3% decline in February, according to estimates compiled by Bloomberg.

In other world markets, Japan's Nikkei ended 1.3% lower, and China's Shanghai Composite finished 0.5% higher. Markets in Hong Kong, the UK, and Germany were were closed for a holiday.

In equities, shares of Netflix (NFLX) were 2% higher pre-bell after the company reported late Thursday Q1 earnings and revenue that topped analysts' estimates and issued Q2 guidance that also beat Street projections.

On the losing side, Ford Motor (F) shares fell 1% after media reports that the company halted exports of its more expensive vehicles to China amid the ongoing tariff war.