After US President Donald Trump announced plans to impose auto tariffs in the near future, with potential exemptions for certain countries on a reciprocal tariff basis, the US stock markets experienced a remarkable surge. Investors appeared optimistic about the possibility of a more lenient tariff approach, leading to a significant rebound in the markets.

Source: https://www.euronews.com/business/2025/03/25/trump-hints-at-automobile-levies-and-exemptions-on-reciprocal-tariffs