DailyEdge

US stock futures climbed on Tuesday, as optimism over a possible auto tariff reprieve lifted sentiment ahead of the next round of corporate earnings. Futures attached to the Dow Jones Industrial Average edged up 0.10% and the benchmark S&P 500 rose 0.18%. Futures attached to the tech-heavy Nasdaq Composite were up 0.2%.

China on Friday struck back at President Trump's ballooning tariffs, raising its duties on imports of US goods to 125% from 84%. The countermeasures will come in on Saturday, further intensifying a US-China trade war that has roiled US stocks. The trade conflict has weighed on investor sentiment, even as Trump instituted a 90-day pause on steep Liberation Day tariffs and the EU matched a US pause on retaliatory duties.

President Donald Trump dramatically reversed course, dropping his country-specific tariffs down to a universal 10% rate for all trade partners except China. China’s tariff rate will jump to 125%, effective immediately, the White House says.

China’s foreign ministry reiterated Wednesday that Beijing will take “resolute and forceful” measures to protect its own interests, after net total tariffs of 104% on Chinese imports into the U.S. took effect

China pledged to retaliate against Donald Trump’s latest tariff threat and mobilized state organs to send a message of resilience, raising the risk of a prolonged trade war between the world’s two largest economies.

U.S. President Donald Trump was expected to impose sweeping new reciprocal tariffs on global trading partners on Wednesday, upending decades of rules-based trade, risking cost increases and likely drawing retaliation from all sides.

Stocks are hovering near their lowest levels of the year, with President Trump's latest tariff announcements and fears about the US economy's path forward sending equities lower in the final full week of the first quarter.

Stocks are hovering near their lowest levels of the year, with President Trump's latest tariff announcements and fears about the US economy's path forward sending equities lower in the final full week of the first quarter.

Global stocks slipped as investors awaited more clarity on US tariff plans and the economic outlook before President Donald Trump’s April 2 deadline to impose a fresh trade levies. In premarket trading, shares in Tesla Inc. and Nvidia Corp. edged lower. Video game retailer GameStop Corp. jumped 12% after it said its board approved adding Bitcoin as a treasury reserve asset.

Nvidia stock was edging down early on Tuesday. The chip maker doesn’t look to have fully escaped the threat of tariffs on semiconductors. Nvidia shares were down 1.1% at $120.13 in premarket trading, while futures tied to the benchmark S&P 500 index were dropping 0.2%. The stock rose 3.2% on Monday.