Futures extended gains after The Wall Street Journal reported China is working to increase access to overseas companies as both countries try to resolve their trade dispute. This plan, the report says, would replace the country's Made in China 2025 plan, a framework aimed at making China a leader in industries like clean-energy cars and robotics.
Trump also said Tuesday talks between Washington and Beijing were ongoing and confirmed he would not raise tariffs on Chinese imports until he was sure about a comprehensive trade agreement.
Meanwhile, multiple reports pointed to China cutting tariffs on U.S.-made cars. A U.S. official told Reuters China indicated it will lower the tariffs, but the U.S. would wait on formal documentation and timing.
