Global markets rise along with US futures amid tariff uncertainty

Global markets saw a positive uptick on Tuesday, with both Asian and European markets trading higher. This optimism comes amidst uncertainty surrounding President Donald Trump’s tariff plan.

The Trump administration recently announced exemptions for many consumer electronics from the proposed reciprocal tariffs, a move that boosted global markets on Monday. Additionally, Trump hinted at further easing tariffs, particularly in the auto industry, to support car companies affected by the 25% auto levies.

In the U.S., Dow futures were up by approximately 0.12% on Tuesday, following a 0.7% increase in the Dow Jones Industrial Average on Monday. Nasdaq futures also showed a gain of about 0.34%, while S&P 500 futures were up by 0.23% ahead of the market opening.

Meanwhile, European markets saw a midday surge as European Commission President Ursula von der Leyen’s 90-day pause on planned tariff countermeasures came into effect. Germany’s DAX rose by 1.21% midday, and Britain’s FTSE 100 traded up by 0.90%.

In Asia, South Korea’s KOSPI index closed up by 0.88% on Tuesday, marking its second consecutive day of gains. Tokyo’s Nikkei 225 also climbed by 0.84%. However, markets in China, where Trump’s reciprocal tariffs remain in place, showed less enthusiasm. Shanghai’s Composite Index only rose by 0.15%, and Hong Kong’s Hang Seng Index increased by 0.23%.

Overall, the global market sentiment appears to be cautiously optimistic, with investors closely monitoring developments related to trade policies and tariffs. The ongoing negotiations and potential tariff adjustments by the Trump administration continue to influence market trends and investor sentiment.

This article was contributed by ABC News’ Max Zahn and David Brennan.