The Dow Jones Industrial Average experienced fluctuations Tuesday amid market anticipation of impending tariffs. Recent U.S. business survey indices indicated a second consecutive month of contraction. U.S. tariffs are projected to be implemented promptly following Wednesday’s announcement. The DJIA declined initially in response to weaker-than-anticipated Purchasing Managers Index (PMI) data, subsequently recovering as market participants speculated on potential Federal Reserve rate cuts. Investor activity remained subdued as markets awaited the tariff announcement from the U.S. President. The specific details and effective dates of the tariffs remain uncertain. The administration has engaged in a period of tariff-related uncertainty, announcing, modifying, and retracting various tariff proposals. The President has maintained an April 2nd deadline, suggesting potential tariffs on automobiles, lumber, pharmaceuticals, and broad-based tariffs affecting major U.S. trading partners. The tariff announcement is scheduled for Wednesday at 1900 GMT (4 pm EST) at the White House.
