US Markets Show Resilience Ahead of Tariff Announcements

As the deadline for the implementation of new US tariffs on cars, steel, and aluminum approaches, major stock markets in the United States demonstrated resilience, closing mostly higher on Tuesday. Investors and analysts alike are closely watching the developments, with President Donald Trump expected to announce reciprocal tariffs that will take effect immediately.

Automakers Report Strong Sales Ahead of Tariffs

In a surprising turn of events, several leading carmakers have reported significant increases in US sales for the first quarter of 2025. This comes at a time when the industry braces for the impact of impending auto duties. The sales surge highlights the robust demand in the US market, even as trade tensions escalate.

Market Indices Show Mixed Results

While the Dow Jones traded flat by the close, the Nasdaq 100 and the S&P 500 posted gains of 0.82% and 0.38%, respectively. Meanwhile, the euro experienced a slight decline against the dollar, trading 0.27% lower at $1.07884.

More updates to follow as the situation develops...