US Index Futures Climb On Tariff Outlook Improvements – Asia Market Wrap

US and European stock-index futures climbed on signs that the next round of President Donald Trump’s tariffs may be more measured than previously suggested.

Futures for the S&P 500 and Euro Stoxx 50 rose though a broader gauge of Asian shares edged lower. The 10-year US Treasury yield advanced.

Sentiment is improving as the next round of US tariffs due April 2 is poised to be more targeted than the sprawling, fully global effort Trump has otherwise mused about, according to officials familiar with the matter. Still, traders remain on edge with officials in China and Australia warning of widespread shocks to the global economy from US trade policy.

Trump will announce widespread reciprocal tariffs on nations or blocs but is set to exclude some, and – as of now – the administration is not planning separate, sectoral-specific tariffs to be unveiled at the same event, as Trump had once teased, officials said.

Australia’s Treasurer Jim Chalmers warned the impact of the new US administration’s policies will have a “seismic” impact on the global economy, while Chinese Premier Li Qiang said the country is prepared for “shocks that exceed expectations.”