Tariffs on a wide range of countries — from the lowest 10 percent to 49 percent on Cambodia and 46 percent on Vietnam — are set to kick in early Wednesday.

The president's global raft of tariffs was dubbed "worse than the worst-case scenario" by experts, with Elon Musk reportedly begging Trump to reconsider.

Bitcoin steadied and was back above $79,000 after dropping toward $76,000 the prior day. No big change is behind the move back upward, and analysts say more swings up and down are likely for markets in not only the days but also the hours ahead.

Trump touted his sweeping tariffs as decades in the making, saying he's been talking about trade imbalances for "35 years" and that "nobody but me would do this."

Across Wall Street, 44 publicly traded companies were upgraded to an equivalent rating of "Buy" or "Neutral" on Tuesday.

European shares rose from 14-month lows on Tuesday, after four straight sessions of heavy selling, although investors continued to closely watch developments as countries responded to sweeping U.S. tariffs.

Delegations from Japan and South Korea are en route. Italy’s prime minister will be in Washington next week. And Israel’s “proactive approach” to seeking out new US trade agreements could serve as a model for everyone,

A few carmakers have closed factories, laid off workers or shifted production in response to the auto tariffs that took effect last week.

Growing fears that Donald Trump's tariff blitz will plunge the world into recession are dashing hopes in the $400-billion-a-year luxury industry that wealthy Americans might help to pull it out of the biggest slump in years.