Markets very worried about trade war Unlisted Video

"Traders are increasingly pricing in a prolonged trade war hitting the global economy," said Jasper Lawler at London Capital Group. The futures underlying the Dow and the S&P 500 are down around 0.6%, while Nasdaq are down 0.8%. Asian and European stocks and US futures slid sharply on Monday after China's defense minister vowed not to back down in its trade war with the US.