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Stock Futures Rise After Trump Hints at Backing Off From New China Tariffs
Futures for Dow, S&P 500, and Nasdaq rose over 0.8% after Trump hinted at delaying new tariffs on Chinese imports, easing recent market losses.
- On Sunday, US stock futures rose after President Donald Trump said `Don't worry about China`, with Dow futures up 0.8%, S&P 500 futures up 1.04%, and Nasdaq futures climbing 1.34% as of 6:32 p.m. ET.
- The sell-off on Friday sent indexes into their worst sessions since spring after Trump threatened an additional tariff on Chinese imports, causing market volatility.
- Speaking on Air Force One, President Donald Trump called President Xi Jinping `a great leader`, while China's commerce ministry said Sunday it does not want a tariff war but is not afraid of one.
- That tariff posture would raise duties to a 130% duty level, close to the 145% peak from earlier tariff war, as officials warn it would undo progress from months of meetings between Chinese and US officials.
- With the November 1 deadline looming next month, Trump's Truth Social posts and remarks — including `it will all be fine!` and `Let's see what happens` — left market uncertainty as of 6:32 p.m. ET futures data.
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Total News Sources31
Leaning Left8Leaning Right1Center12Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 38%
C 57%
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