U.S. Markets Rally on Reports of Narrower Tariff Scope

President Trump's upcoming reciprocal tariffs are expected to target the 'dirty 15' countries, easing fears of a broader trade war.

Reports from Bloomberg and Wall Street Journal indicate that the April 2 tariffs will focus on 15 countries with significant trade imbalances, rather than sweeping measures.
U.S. stock markets surged on March 24, with the S&P 500, Dow Jones, and Nasdaq all posting their highest levels in over two weeks.
President Trump announced a 25% tariff on countries purchasing oil or gas from Venezuela, adding complexity to the trade landscape.
Treasury Secretary Scott Bessent confirmed that the targeted nations represent 15% of countries but account for a substantial portion of U.S. trade volume.
Uncertainty over the final details of the tariffs persists, with analysts warning of potential economic risks and market volatility.