U.S. stock futures climbed Monday after President Donald Trump signaled a potential softening in his tariff stance toward China, easing fears of a prolonged trade confrontation that rattled markets last week. The move came despite escalating tensions over Beijing’s new export controls and Trump’s own announcement of a sweeping 100% tariff on all Chinese imports starting November 1.

In Asia, Chinese equities extended losses, with the Shanghai Composite down 1% to 3,860 and the Shenzhen Component off 2.3% to 13,050, led by declines in major technology and new energy stocks, including Luxshare Precision, Eoptolink Technology, and Contemporary Amperex. Investors remained cautious ahead of China’s September trade data, seen as a key measure of export resilience with escalating global tensions.

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