Premarket: Global stocks hold near record highs, shrugging off Trump’s tariff threats

News Snapshot:

Global stocks held steady around record highs on Wednesday, as traders cautiously shrugged off U.S President Donald Trump’s latest tariff threats on auto, semiconductor and pharmaceutical imports. Since Trump’s inauguration four weeks ago, he has imposed a 10% tariff on all imports from China, on top of existing levies. He has also announced, and delayed for a month, 25% tariffs on goods from Mexico and non-energy imports from Canada. Trump told reporters on Tuesday that sector-wide tariffs on pharmaceuticals and semiconductor chips would start at “25% or higher”, rising substantially over the course of a year. He intends to impose...