Global stock markets and U.S. stock futures rose after a slightly lower close on Wall Street on Tuesday, while the U.S. dollar remained under pressure as expectations build for a potential Federal Reserve rate cut in September. Meanwhile, the U.S.’s global trading partners raced to secure deals as Thursday’s tariff deadline approaches. President Trump said he will unveil tariffs on semiconductors and pharmaceuticals “within the next week or so” and import levies on drugs could ultimately reach 250%. Negotiations with China, India, the European Union, Switzerland and others continue.