Global Shares Rise as Trump Signals Auto Tariffs Break; Tax Day 2025: Today is the Deadline

Wall Street rose on Tuesday, boosted by the possibility of tariff relief for the auto sector and gains in financial stocks after Citigroup and Bank of America's results. President Donald Trump on Monday hinted at potential exemptions for the 25% tariffs imposed on imports of autos and auto parts. Meanwhile, the administration is proceeding with probes into imports of pharmaceuticals and semiconductors as part of a bid to impose tariffs on both sectors on grounds that extensive reliance on foreign production of medicine and chips is a national security threat, Federal Register filings on Monday showed.

Former President Joe Biden is expected to make an early evening speech to the national conference of Advocates, Counselors and Representatives for the Disabled in Chicago. The 82-year-old Democrat has largely avoided speaking publicly since leaving the White House in January, which is typically the tradition for immediate past presidents.

If you haven't completed your 2024 tax return, today is April 15, also known as “Tax Day,” the deadline for filing your federal income tax return with the IRS. While most U.S. taxpayers have already done so with their tax preparers, about 101 million have yet to do so.