Trump announces reciprocal 10% across the trade tariff measures with 25% on autos- S+P 500 futures rise

The most eagerly awaited event of the year to date has just now come to fruition. The US president has just announced the promised series of trade tariffs on multiple trading partners. The broader details of this are yet to be fully outlined, but in essence these measures are not yet exactly clear beyond the initial statement, that the tariffs will be 10% reciprocal, with 25% on autos. Earlier today rebound in the broader US stock markets, as defined by the S+P 500, saw the index rise from a lower opening and an early session low at 5,571.48. The index rose to 5,695.31, before subsequently falling back to around 5,632. It was on the rebound from there, trading around 5,665 heading into the close of play and this announcement. The index has now closed, but the immediate reaction to the news has seen the S+P futures initially tracking higher, but the devil of the detail still awaits. If more information comes to light it will be conveyed. The S+P 500 future is right indicating a live price above 5,710