US stocks ticked higher on Thursday after President Donald Trump said he plans to introduce reciprocal tariffs later in the day. Meanwhile, investors digested another report that suggested inflation is once again heating up.

The U.S. is poised to win the AI race against China, but one significant threat looms on the horizon: tariffs.

Gift Nifty was trading around 23,140 level, a premium of nearly 18 points from the Nifty futures’ previous close, indicating a flat-to-positive start for the Indian stock market indices.

S&P 500, Dow and Nasdaq start in the green, shaking off back-to-back stronger-than-expected inflation data. They brace for Trump's reciprocal tariffs.

Hot inflation has raised the stakes of President Trump’s plans to escalate his use of tariffs on the country’s biggest trading partners, risking even higher consumer prices and pushing back the prospects of the Federal Reserve lowering interest rates soon.