Trump-Xi Jinping Set To Finalize Deal As US-China Deescalate Trade Tensions — Dow Futures Surge 242 Points

U.S. stock futures climbed Sunday evening following a significant breakthrough in the trade negotiations between the United States and China during the ASEAN summit over the weekend. The deal framework reached by both sides helps avert the looming 100% additional tariff threat announced by President Donald Trump earlier this month, which was set to go into effect on November 1, 2025. It is also expected to delay China’s recent export controls on rare earths.