U.S. President Donald Trump is supposed to unveil all the details about reciprocal import tariffs in the morning of April 2, American East coast time, including particular sizes of duties and exclusion principles, depending probably on countries and/or economy segments. White House press secretary Karoline Leavitt said newly imposed tariffs would be "country-based rather than sector-based", but she noted that the president "remains committed" to sectorial tariffs as well.

Overall, there is a lot of confusion, but Trump himself repeatedly referred to April 2 as the "Liberation day", meaning the road to the freedom for the U.S. from negative trade balances, as well as the foundation to cut taxes for businesses in order to get money to replace the future lack of budget revenues. Many in the market, however, are cherishing hope this could also become a day of release from recent fears in favour of a bullish reversal after substantial weakness in March. The major Wall Street indexes just cut big quarterly losses before the closing bell on March 31, with the S&P 500 broad barometer bouncing off its strong psychological support level of 5,500 to above 5,600 so far.

Indeed, liberal mainstream media were preparing scaremongers for the worst scenarios. A Wall Street Journal (WSJ) report said Trump might consider "higher tariffs against a broader range of countries". Goldman Sachs note for clients calculated a 35% chance of U.S. recession in the next 12 months also alleging inflation to hold above the Federal Reserve’s 2% target. The "news" were rather expert opinions but led to a quick sell-off over the last two working days of the first quarter. Meanwhile, Trump may actually tone his rhetoric down, while idling extra threats. A well-known principle is when, before medicine injections, a nurse tells you it may hurt and that you have to endure it, and then it seems to the patient that he almost didn’t feel the moment of the injection because he was well prepared for much stronger pain.

Again, it sounds so stupid to think constantly in terms of market's crashing just because of tariffs, while many tech stocks only needed an excuse for correction after their record achievements at the end of 2024. Market is used to care more about itself than any macroeconomic parameters. Most American-listed stocks are not too much dependent on the state of the U.S. economy, as they are rather multinational gainers. If so, even the very first stock price response to the widely expected tariff announcement may be still slightly bearish, but then those bears will have to slumber once again, despite springtime coming. Buying from the last dips before the next round of the stock rally could make the April sentiment on NYSE and Nasdaq exchanges extremely cheerful soon.

The ISM PMIs in the middle of the week and U.S. jobs report on Friday, April 4, may be fully ignored by the excited crowd against the tariff background. As for the corporate agenda, Tesla's Q1 deliveries are expected on the same day of April 2, with potential drop or recovery in the flagship stock may influence the other tech companies' dynamics in the next couple of days as well.