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flag US stock futures surge as Trump signals tariff cuts with China and confirms Fed Chair Powell's position.

flag US stock futures saw a significant rise as President Trump eased concerns by stating he has no intention of firing Federal Reserve Chair Jerome Powell, and hinted at reducing tariffs on Chinese imports. flag This news boosted investor optimism about a potential trade deal with China. flag Tesla shares also surged by 6.3% in premarket trading after reporting better-than-expected profits in its automotive business.

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