Stock futures jumped premarket after President Trump posted on social media that he is considering slashing tariffs on Chinese imports ahead of the highly anticipated meeting between US and Chinese officials this weekend.
“80% Tariff on China seems right! Up to Scott B.,” Trump wrote on Truth Social.
S&P 500 futures (ES=F) were up 0.2%, while futures on the Nasdaq (NQ=F) and Dow Jones Industrial Average (YM=F) rose 0.3% and 0.1%, respectively. All three futures were negative or hovering at the flat line earlier in the morning.
Still, the moves higher were somewhat muted, suggesting that investors may still be somewhat wary about the outcome of the talks and see a long way to go for a resolution in the US-China trade tensions.
Read more about the latest tariff and trade deal updates here.
