Donald Trump pauses tariff: How global markets reacted to US president's move
By : Vidya
Update: 2025-02-04 03:41 GMT
US President Donald Trump delayed the start of tariffs on neighbors Mexico and Canada for a month Monday --
but China remained in the firing line for levies
US President Donald Trump on Tuesday agreed to a 30-day pause on his tariff threats against Mexico and Canada.
The decision led to a surge in US equity futures while the dollar reversed gains on Mexico's peso and Canadian dollar.
According to a Reuters report, the S&P Futures rose 0.4 per cent on Tuesday.
The euro went on a white-knuckle ride to $1.0125 before roaring back to $1.0320 within 24 hours.