Global investors cheered a report that the Trump administration is considering a watered-down tariff policy. The Washington Post reported President-elect Donald Trump’s aides are exploring plans to apply global tariffs on critical imports only.

A recent survey by CNBC found that most investors believe the stock market will flourish in a second Trump term. But that sentiment could be nostalgic thinking at work because many remember the S&P 500's gains during much of Trump's first four years in office.

The U.S. dollar eased towards a one-week low versus major peers on Tuesday as traders considered whether President-elect Donald Trump's proposed tariffs would be less aggressive than promised. On Monday,

European and US stock markets mostly rose following a report Monday the incoming Trump administration will apply tariffs only on certain sectors, while the dollar was mostly lower against rival