(Reuters) - Wall Street opened higher on Thursday as fears of a global trade war ebbed following signs that President Donald Trump’s proposed hefty import tariffs on steel and aluminum could exclude key trading partners.

Traders work on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., March 7, 2018. REUTERS/Brendan McDermid

The Dow Jones Industrial Average .DJI rose 53.09 points, or 0.21 percent, to 24,854.45. The S&P 500 .SPX gained 5.52 points, or 0.20 percent, to 2,732.32. The Nasdaq Composite .IXIC added 24.92 points, or 0.34 percent, to 7,421.57.

Reporting by Sruthi Shankar in Bengaluru; Editing by Sriraj Kalluvila

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