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Stock futures rose this morning before the open — a move analysts largely attribute to reports that the Trump administration will opt for a gradual approach to tariff increases. 

Even though a better-than-expected PPI report on Tuesday helped boost equities early in the session, the S&P 500 and Nasdaq Composite indexes quickly gave back these early gains. 

But let’s rewind to the conversation on tariffs. Bloomberg after the close yesterday reported that Trump’s team is considering ramping up tariffs at a slower pace than many initially thought, potentially by 2% to 5% increases…

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