Overview

• 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.