Stock market today: Asian shares climb as Trump postpones Mexico and Canada tariffs for a month Asian shares climbed Tuesday after President Donald Trump said tariffs on Mexico and Canada would be delayed for a month.
Yeap said that the postponement of the tariffs provides immediate relief for risk sentiments and “underscores President Trump’s willingness to negotiate, potentially with tariff moves as bargaining chips rather than firm policy decisions.”.
The White House also said Trump would speak with Chinese President Xi Jinping, sparking hopes that a deal could be reached that could avert a broader trade war.
“The sharp pullback in the US dollar, along with tariff relief hopes, are likely to see markets retain their gains, barring any unexpected souring in US-China talks ahead,” said Yeap Jun Rong, market strategist at IG in a note.
Analysts said that markets Tuesday were driven by the postponement of tariffs on countries like Canada and Mexico.
