U.S. stock futures moved slightly higher Friday, positioning Wall Street for a positive week driven by solid corporate earnings and optimism surrounding trade agreements ahead of the Trump administration’s August tariff deadline.

As the tariff pause ends, the Trump administration should pivot to a more targeted and strategic policy that minimizes domestic harm.

Higher U.S. tariffs and trade uncertainty have worsened the economic outlook for developing Asia and the Pacific, the Asian Development Bank said in a report on Wednesday as it lowered its growth forecasts for the region for this year and next.

President Donald Trump on Tuesday said a trip to China might be “not too distant,” raising prospects that the leaders of the world's two largest economies may meet soon to help reset relations after moving to climb down from a trade war.

US President Donald Trump suggested that he would not go below 15% as he sets so-called reciprocal tariff rates ahead of an Aug. 1 deadline, an indication that the floor for the increased levies was rising.

Global investors got a harsh reminder of the risks around trade tariffs and U.S. President Donald Trump's deal-making on Saturday after he threatened fresh tariffs on his biggest trading partners in Europe and Mexico.

The Trump administration is poised to implement a new wave of tariffs, potentially reaching 50% for certain nations, effective August 1st. This move underscores President Trump's strategy of using tariffs as leverage to secure international concessions and reshape global trade relations.