Global stocks rebounded slightly on Tuesday after significant losses following the announcement of sweeping global tariffs by the Trump administration. Most major indexes in Europe and Asia saw gains, with pre-market trading in the U.S. showing cautious positivity despite escalating tensions between the U.S. and China. The S&P 500, Nasdaq, and Dow Jones all edged up by 1-2%.
Stocks in Europe also rose after a sharp decline on Monday, with major indexes in the U.K., Germany, France, and Italy all up by 1-2%. In Asia, indexes in mainland China, Hong Kong, South Korea, and Japan all saw gains, with Japan’s Nikkei 225 jumping by 6%.
The Japanese government’s confirmation of a cabinet member to handle trade talks with the U.S. may have contributed to the market increase. Meanwhile, the Trump administration’s tariffs continued to cause tensions globally, with the European Union offering a “zero for zero” tariff deal that was rejected by President Trump. China reaffirmed its stance, stating it will “fight to the end” in response to additional U.S. tariffs.
Despite fears of a recession and market volatility, Trump remains steadfast in his tariff stance, insisting that tariffs will benefit the U.S. in the long run. He threatened a 50% tariff on China if Beijing did not withdraw its reciprocal tariffs. Talks with China and other countries were also threatened to be terminated. Trump expressed confidence in the outcome of the tariffs, despite concerns in the business community.
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