U.S. stock index futures moved higher on Tuesday after a lower-than-expected inflation report boosted expectations that the Federal Reserve was on track to lower borrowing costs this year. A Labor Department report showed April consumer price inflation rose 0.

US officials are expected to announce a framework for the trade deal Monday morning.

Financial markets seem to believe the world can still avoid the damage threatened by President Donald Trump’s trade war.

China, meanwhile, said its tariffs on U.S. goods will fall to 10% from 125%.