Most Gulf markets gain despite US tariff worries

DUBAI: Most stock markets in the Gulf ended higher on Thursday, as investors cautiously shrugged off concerns over US President Donald Trump’s tariffs threats and the Federal Reserve’s dovish tone.

Trump has been making waves with his tariff announcements this week, targeting a broad range of imports, including pharmaceuticals, semiconductor chips, and lumber. The big one, though, is the impending tariff on autos, set to kick in as early as April 2.

These moves have investors on edge, fearing an all-out trade war. However, some analysts believe Trump’s aggressive stance is simply a negotiating tactic.