Stock Futures Rise as Trump Tariffs Report Lifts Markets

U.S. stocks looked set to rise on Tuesday because the market selected to concentrate on the positives from a report saying Donald Trump may take a more restrained approach to raising tariffs.

The President-elect’s transition team is discussing mountain climbing levies on foreign imports by between 2% and 5% a month in a bid to strengthen their hand in negotiations and lower the percentages of a flare-up in inflation, Bloomberg reported late Monday, citing people conversant in the matter.

“A long-lasting rise in tariffs at such a pace can be hardly trivial, so it is just not obvious that this scenario can be all that sanguine,” Deutsche Bank analyst Jim Reid wrote. “Nonetheless, the market has latched onto the gradual and incremental element reasonably than the potential endgame.”

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