Markets Rally as Trump Signals Narrower Tariffs Targeting 'Dirty 15'

President Trump hints at flexibility and potential exemptions ahead of April 2 tariff announcement, easing investor fears.

U.S. stocks surged on March 24, with major indices rising over 1%, driven by reports that the planned tariffs may be narrower in scope than initially feared.
President Trump indicated that some sectors, including automobiles and semiconductors, may be exempt from the tariffs targeting the 'dirty 15' countries with significant trade imbalances.
A 25% tariff on countries importing oil and gas from Venezuela was confirmed, potentially impacting major buyers such as China and India.
The Federal Reserve and analysts remain cautious, warning that the tariffs could increase inflation and slow economic growth, though the final details remain unclear.
Investors await the April 2 announcement for clarity, with market volatility reflecting ongoing uncertainty about the tariffs' scope and economic implications.