European and Asian markets fell Monday, shaken by news of a trade dispute between the U.S. and China over tariffs on tires.

Germany's DAX fell 1.4 percent to 5,544.71 and Britain's FTSE 100 lost 1.0 percent at 4,962.90. France's CAC-40 shed 1.4 percent to 3,683.72.

Asian indexes lost as much as 2 percent and Wall Street was expected to fall later. Dow industrials futures were down 81 points at 9,450.00 and Standard & Poor's 500 futures slipped 9.90 points to 1,027.40.