As April 2nd approaches, we can already analyze some key indicators regarding the upcoming “Tariff Day.” This refers to what has been dubbed “Liberation Day,” when reciprocal tariffs are set to take effect.

Following a cabinet meeting on Monday, Trump suggested that some countries may receive exemptions. Negotiations are still ongoing, so we can expect further updates in the coming days.

Meanwhile, the market has shown resilience. While investors seem braced for potential turbulence, there are signs that the impact may not be as severe as feared. Since the market is taking this threat seriously, there’s a possibility of a “relief rally.” This could be a positive development, as major market downturns tend to occur when optimism is at its peak.