Stocks drift, dollar steadies on US auto tariffs relief
SINGAPORE (Reuters) -Stocks and the dollar edged higher on Tuesday as U.S. President Donald Trump's administration responded to pressure from automakers and said it will soften some tariffs, ahead of a big week for economic data and earnings. The U.S. would move to reduce the impact of duties imposed on foreign parts in domestically manufactured cars, and keep tariffs on cars made abroad from stacking up on other duties, officials said. European and S&P 500 futures ticked up 0.1%, although moves were limited without meaningful relief on significant China levies.
