| Here's what my colleague, market strategist Mike "Willo" Wilson says happened while we were sleeping… Stocks posted a tech-led jump as President Donald Trump said that he will announce tariffs on car imports in the coming days, but also floated the possibility that some nations will receive breaks from next week's "reciprocal" tariffs. The dollar held ground as US interest rates rose on the news. Locally today, the RBA participating in a fireside chat discussion is all that's slated. Aussie will probably continue to outperform the kiwi against the US dollar while these momentary good tariff vibes are in the air. Trump's comments at the White House Monday sowed further confusion about his plans for a sweeping tariff announcement scheduled for April 2. The president said his tariff roll-out next Wednesday would focus on so-called reciprocal duties, while twice signaling trading partners would receive possible exemptions or reductions.  Trump during a cabinet meeting at the White House in Washington Photographer: Samuel Corum/Sipa China's government appears in no rush to implement its budget, as Beijing preserves spending power to counter any damage inflicted by higher US tariffs. The combined expenditure in China's two main fiscal books rose 2.9% from the same period a year earlier, according to Bloomberg calculations based on data released by the Ministry of Finance on Monday. Jack Ma-backed Ant Group used Chinese-made semiconductors to develop techniques for training AI models that would cut costs by 20%, according to people familiar with the matter. Chinese auto giant BYD's sales last year surpassed the $100 billion mark, leapfrogging Elon Musk's Tesla on revenue, as the Chinese auto giant wows consumers with a range of electric and hybrid cars packed with high-tech features. "America First" as the guiding principle of foreign and economic policy does have a whiff of common sense. But few voters will see waging trade war as the common-sense way to go about it, writes Bloomberg Opinion's Clive Crook. | 
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