Market sentiment was cautious following reports that President Donald Trump plans to implement a more selective approach to reciprocal tariffs starting April 2.

Instead of broad industry-wide levies, Trump’s administration is expected to focus on countries with significant trade imbalances with the U.S., according to a Wall Street Journal report. 

The new measures could impact around 15% of nations with persistent deficits, a group reportedly dubbed the “dirty 15.”

Among the likely targets are G-20 economies, including major Asian exporters such as China, Japan, India, and Vietnam. 