Tariff Optimism Boosts Stock Market

Investors are welcoming the latest pivot on tariffs, with the U.S. set to limit the range of import levies it introduces next week. The administration has narrowed its focus to about 15% of nations running persistent trade imbalances with the U.S. Meanwhile, the sectoral tariffs are now unlikely to be announced on April 2. Though the measures under consideration still amount to a shock to world trade, they fall short of the worst-case economic scenarios.