European markets were higher on Tuesday, staging a broad rebound as global investors brace for U.S. President Donald Trump’s trade tariffs set to come into effect on Wednesday.
The regional Stoxx 600 index was trading 1.15% higher at 10:12 a.m. in London, extending gains after euro zone inflation cooled as expected to 2.2% in March, according to data released by Eurostat.
The Stoxx 600 is coming off four straight daily declines and a 1.5% loss in the prior session, mired by tariff uncertainty, as well as its first monthly loss of 2025.
Asia-Pacific markets climbed overnight and U.S. stock futures slipped on Tuesday morning as the market awaited clarity from Trump regarding his tariff policy rollout on Wednesday.
A slew of tariffs are set to come into effect, including a 25% levy on “all cars that are not made in the United States.” The president is also expected to announce his plan for reciprocal tariffs. The Trump administration has dubbed April 2 “Liberation Day.”
Trump said this week that his reciprocal tariffs plan will target all countries when they are announced Wednesday.
