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Futures: Dow down 0.10%, S&P 500 down 0.11%, Nasdaq up

0.01%

March 4 (Reuters) - U.S. stock index futures were flat

on Tuesday following a selloff on Wall Street in the previous

session when President Donald Trump imposed tariffs on trade

partners that could intensify a growth-denting global trade war.

At 5:32 a.m. ET, Dow E-minis were down 44 points,

or 0.10%, S&P 500 E-minis were down 5.75 points, or

0.11% and Nasdaq 100 E-minis were up 2.5 points, or

0.01%.

The CBOE market volatility index edged up 0.35 points

after hitting a two-month high at 24.31 in the previous session.

The benchmark S&P 500 logged its biggest one-day drop

since mid-December and the Nasdaq closed lower by about

9% from its all-time high on Monday after the U.S. imposed 25%

tariffs on imports from Mexico and Canada, and doubled duties on

Chinese goods to 20%. A standoff between the countries could

upend nearly $2.2 trillion in two-way annual trade.

China responded with additional tariffs of 10%-15% on

selected U.S. imports and Canada has vowed to respond with

immediate 25% tariffs.

Ford and General Motors ( GM ), that have vast supply

chains across north America, were steady in premarket trading

after sharp declines in the previous session.

Illumina ( ILMN ) fell 2.8% a day after China banned imports

of genetic sequencers from the medical equipment maker, just

minutes after Trump's tariff announcement.

U.S.-listed shares of Chinese companies Bilibili

and Netease rose about 3.7% each, rebounding from

Monday's losses.

Investors are pricing in that the surcharges will fan

inflation pressures, dampen demand and eat into corporate

profits at a time when recent data has resurfaced expectations

of a stalling economy. Futures tracking the domestically focused

small-caps Russell 2000 index dipped 0.4%.

"Despite certain market participants treating Trump's tariff

talk as a negotiation tactic, the latest developments show that

he is serious about implementing his 'America First' agenda,

completely ignoring the impact on the global economy," said

Achilleas Georgolopoulos, senior market analyst at brokerage XM.

Executives are also holding back on investments and

expenditures as they wait for more clarity on Trump's upcoming

policies. Analysts say April 1 will be the date when the

president is likely to announce his full-fledged global trade

policy.

Interest rate futures point to the Federal Reserve

delivering at least three 25 basis points interest rate cuts by

December, up from about two on Monday, as traders bet on the

likelihood that slowing growth could nudge the central bank to

lower borrowing costs.

New York Fed President John Williams' comments later in the

day will be parsed for the central bank's stance on monetary

policy.

U.S. shares of bullion miners such as Harmony Gold Mining

rose 1.7%, Sibanye Stillwater added 2.2% and

Gold Fields climbed 1.9%, tracking higher gold prices as

markets flocked to the safe-haven asset.

U.S.-listed shares of Taiwan Semiconductor Manufacturing Co

Ltd added 1.5% and led gains among chip stocks a day

after unveiling a fresh $100 billion investment in the United

States.

Quarterly results from Target ( TGT ) and Best Buy ( BBY )

are due before the bell.