U.S. stock futures fell Tuesday, as the market awaited clarity from President Donald Trump regarding his tariff policy rollout. Tuesday also marks the beginning of the second-quarter after a bumpy first quarter. Futures tied to the Dow Jones Industrial Average slid 232 points, or 0.5%. S&P 500 futures were down 0.4%, alongside Nasdaq-100 futures. The White House on Wednesday is expected to unveil reciprocal tariffs on goods from virtually all countries. Investors had been hoping for a narrow approach toward administering the levies. On Tuesday, The Washington Post reported that the Trump administration is considering implementing tariffs of about 20% to most imports into the U.S. To be sure, the report — which cited three sources familiar with the matter — noted that no final decision had been made. The uncertainty has put stocks on a rollercoaster ride. The S&P 500 on Monday touched a six-month low before recovering. For the first quarter, the index lost 4.6%, while the Nasdaq Composite dropped 10%. That marked the worst quarterly performance for both benchmarks since 2022. The Dow dropped 1.3% during the first three months of the year. “While the higher event risk baked in creates room for a potential relief rally in case of less aggressive tariffs, the risk arguably is still to the downside, with markets likely underpricing the trade risks,” Barclays assistant vice president Anshul Gupta wrote in a Tuesday note. On Tuesday, traders will watch out for the ISM manufacturing index for March alongside February’s job openings and construction spending reports. Treasury yields were lower on Tuesday as investors brace themselves for U.S. President Donald Trump’s tariff policy rollout. The yield on the 10-year Treasury lost 8.2 basis points to trade at 4.163%. The 2-year Treasury yield ticked down by 5 basis points to 3.861%. Asia-Pacific markets mostly climbed Tuesday, recovering from a sharp sell-off in the previous session as investors awaited clarity on U.S. President Donald Trump’s tariff rollout. Australia’s S&P/ASX 200 rose 1.04% to end the day at 7,925.20, after the Reserve Bank of Australia held interest rates at 4.1%, in line with expectations, as the country heads to the polls on May 3. Japan’s benchmark Nikkei 225 pared earlier gains to end the day flat at 35,624.48, while the broader Topix index was closed up 0.11% at 2,661.73. Over in South Korea, the Kospi index advanced 1.62% to end the day at 2,521.39 while the small-cap Kosdaq surged 2.76% to 691.45. Mainland China’s CSI 300 pared earlier gains to end the day flat at 3,887.68, while Hong Kong’s Hang Seng Index increased 0.38% to close at 23,206.84. Oil prices steadied near five-week highs on Tuesday as threats by U.S. President Donald Trump to impose secondary tariffs on Russian crude and attack Iran countered worries about the impact of a trade war on global growth. Brent futures were up 9 cents, or 0.1%, at $74.86 a barrel at 0926 GMT, after rising to above $75 a barrel earlier in the session. U.S. West Texas Intermediate crude futures rose 8 cents, or 0.1%, to $71.56. The contracts settled at five-week highs a day earlier. Gold’s record run extended to another all-time high on Tuesday, buoyed by safe-haven demand as investors brace for U.S. President Donald Trump’s planned announcement on reciprocal tariffs. Spot gold was up 0.3% at $3,131.56 an ounce at 0914 GMT, after hitting a record high of $3,148.88 earlier. U.S. gold futures were 0.3% higher at $3,159.10.