Wall Street futures looked to open lower on Monday, declining alongside world stocks as building deflationary pressure in China added to growth worries from a lacklustre U.S. economy and an escalating global trade war.

Wall Street futures sank and the safe-haven yen strengthened early on Monday as building deflationary pressures in China added to growth worries from a fading U.S. economy and a simmering global trade war.

The leaders of both Canada and Mexico got on the phone with President Donald Trump this past week to seek solutions after he slapped tariffs on their countries, but China’s president appears unlikely