FX.co ★ US Futures Little Changed

US stock futures relinquished initial gains to hover near unchanged levels on Tuesday as investors assessed the impact of trade war developments against rising expectations for a potential temporary pause in auto tariffs. On Monday, President Trump indicated that he is contemplating temporary tariff exemptions on imported vehicles and auto parts with the aim of providing manufacturers additional time to enhance their US-based production capabilities. Concurrently, the Commerce Department announced the initiation of a new investigation into the national security implications of semiconductor and pharmaceutical imports, a step perceived as a preliminary measure for potential new tariffs in these sectors. Additionally, investors are keenly monitoring earnings reports. Bank of America saw an approximate 1.6% increase in premarket trading following reports of exceeding earnings and revenue forecasts. Conversely, Johnson & Johnson experienced a 1% decline despite surpassing earnings projections. Meanwhile, Boeing shares dropped around 3% after reports emerged that China has instructed its airlines to halt deliveries of Boeing aircraft.