Live from NPR News in Washington on Corva Coleman,
stock markets are regaining a lot of ground lost in yesterday's huge sell-off.
In pre-market trading, Dow Jones futures are up 1,000 points.
Investors have been worried about President Trump's new tariffs.
The European Union saw U.S. levies on its aluminum and steel go up last month.
Fresh U.S. tariffs take effect tomorrow.
Terry Schultz reports the EU is finalizing retaliatory measures.
The EU insists it would rather negotiate than retaliate,
and has offered to completely eliminate tariffs for U.S. cars and all industrial goods, if Washington does the same.
But with no sign, the White House will agree.
EU Trade Commissioner Maros Shevkovich says the bloc must go ahead with its own measures.
We are prepared to use every tool in our trade defense arsenal to protect EU single market,
EU producers and EU consumers.
The first round of EU counter-tariffs is expected to include a wide range of items from dental floss to meat.
But bourbon has reportedly been dropped from the list under heavy U.S. pressure.
For NPR News, I'm Terry Schultz in Brussels.
The U.S. Supreme Court has ruled the Trump administration can continue to deport people using a wartime power.
It is called the Alien Enemies Act.
It gives the president power to deport people very rapidly, as NPR's Jasmine Garz reports.
So the Supreme Court backed the Trump administration.