U.S. Stocks Rise On Reports Trump Will Take Targeted Approach To Tariffs

(MENAFN- Baystreet)
U.S. Treasuries are falling and stocks are on the rise amid reports that U.S. President Donald Trump will take a more targeted approach with his next round of tariffs scheduled for April 2.
The yield on the 10-year Treasury rose as much as four basis points to 4.29%. At the same time, the benchmark S&P 500 equity index is up more than 1% in premarket trading.
The positive moves in the U.S. markets come amid reports that Trump's reciprocal trade tariffs scheduled to go into effect on April 2 will be narrower and more targeted than initially expected.
A more targeted approach is easing fears of a global trade war that will hamper growth.
The U.S. 10-year bond has traded in a narrow range through most of March after retreating from the year's high of about 4.80% reached in mid-January.
Trump's tariff and trade-war threats sparked fears of a U.S. recession, pushing investors out of stocks and into the safety of bonds. That trend may now reverse itself.
Media reports say Trump's upcoming April 2 tariffs might be sector specific and are likely to exclude many areas of the U.S. and global economies.
That said, President Trump himself hasn't made any formal announcements on what products and sectors will be hit with tariffs on April 2, other than to refer to the date as“liberation day.”

MENAFN25032025000212011056ID1109352546