Global Markets Rally on Tariff Hopes

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US tariffs

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World

Markets rebound on hopes for tariff relief and government spending plans

Summary

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European and Asian markets rally on hopes for tariff relief and governments pledging economic support.

President Donald Trump reimposed 25% tariffs on imports from Canada and Mexico on Tuesday .

US Commerce Secretary Howard Lutnick said tariff compromises with both countries could come on Wednesday .

Germany 's DAX rallied 3.2% and France 's CAC 40 and Euro Stoxx 50 gained 1.6% .

China announced a GDP growth target of " around 5% " in a government report delivered by Li at the National People's Congress .

"There'll be a little disturbance, but we're OK with that. It won't be much." Economists have warned that additional costs from the US tariffs would most likely be passed on to American consumers rather than to foreign exporters..

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formal

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English

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