Today, Trump’s focus on tariffs hasn’t abated — but he has dialed back the more maximalist tariff levels he initially outlined. Combined with signs of a shakier labor market, investors are more convinced that the Fed will err on the side of supporting the economy by lowering interest rates to support overall business activity.

Despite Trump's threat of 50% tariffs on Indian goods and Russian oil purchases, Indian stock markets have been resilient, driven by strong performances in key sectors and fresh foreign fund inflows.

Stocks are rising on Wall Street, even as President Donald Trump's latest tariffs take effect on dozens of countries.