06:16 AM EDT, 10/13/2025 (MT Newswires) -- Wall Street equity futures were up pre-bell Monday after US President Donald Trump appeared to soften his stance on China, potentially downplaying fears of renewed trade tensions between the two global economic giants.

"Don't worry about China, it will all be fine," Trump said in a Truth Social post Sunday.

On Friday, Trump announced additional tariffs of 100% on China, effective Nov. 1, as well as export controls on "any and all critical software." Earlier, he threatened to cancel a meeting with Chinese President Xi Jinping, following Beijing's reported decision to impose new export controls on rare earth minerals.

Markets suffered a broad turndown Friday following Trump's remarks.

"[Xi] doesn't want depression for his country, and neither do I," Trump said Sunday.

In the futures, the Dow was up 1% in recent premarket activity Monday, while the S&P 500 gained 1.3%. The Nasdaq added 1.9%.