Wall Street trades lower on Monday as market sentiment remains subdued as escalating trade tensions between the United States and China weigh on investor confidence. Market participants also brace for a busy week of key macroeconomic data that could shape the outlook for interest rates and growth.

Instead of battling over tariffs, Washington and Beijing have turned to a potentially far more harmful strategy: flexing their control over global supply chains.

U.S. Secretary of State Marco Rubio commemorated the 36th anniversary of the Tiananmen Square massacre, praising the bravery of Chinese citizens who were killed during the 1989 pro-democracy protests.