The European Commission plans to submit counter-tariffs on 93 billion euros ($109 billion) of U.S. goods for approval to EU members, while its trade chief will hold talks with U.S. Commerce Secretary Howard Lutnick.

The U.S. and the European Union are reportedly close to finalizing a trade deal that could impose a 15% tariff on European imports.

Texas Instruments Inc., a key chipmaker for producers of cars and factory equipment, tumbled in early trading Wednesday after stoking fears that a tariff-fueled surge in demand will be short-lived.Though the company issued a third-quarter forecast that beat most estimates,

Thermo Fisher said on Wednesday the tariff situation was improving and raised the lower end of its annual profit forecast on strong demand for its products used in drug development, sending the company's shares up 12%.

April 9: Trump's higher "reciprocal tariffs" begin just after midnight. Hours later, the president says he is issuing a 90-day pause on those duties, except for China. Trump raises tariffs on Chinese goods from 104% to 145%, the highest rate so far this year.

Embraer faces a major risk from proposed 50% U.S. tariffs, threatening margins and order viability, especially given its dominance in U.S. regional aviation.

US stocks will shrug off tariff risks to get a boost from the second-quarter earnings season, the latest Markets Pulse survey showed.

GE Vernova’s stock was heading for a record high after an earnings beat, a raised full-year outlook and a lowered estimate of tariff impact.