Asian and European markets rebounded and U.S. futures edged up Tuesday, amid big losses triggered by Trump's tariffs and ahead of Wall Street opening later in the morning.  

Trump last week announcing across-the-board tariffs on countries resulted in record stock market losses, the biggest since the COVID pandemic era. Following big losses Friday, the market suffered lower ones Monday, which game some indication the market on Tuesday might be less volatile. 

Trump's tariffs take effect Tuesday midnight.

As of early Tuesday morning, Dow Jones futures were up almost 2%, S&P 500 futures were up more than 1.5% and Nasdaq futures were up 1.3%, according to ABC News.

Japan's Nikkei index closed just over 6% up on Tuesday, recovering some of the roughly 8% of losses posted Monday. And Hong Kong's Hang Seng index, which on Monday posted its worst day since 1997, rebounded with a 1% rise on Tuesday. Shanghai's Composite Index grew 1.4%, ABC News also reports.