Donald Trump pauses tariff: How global markets reacted to US president's move

By : Vidya

| 4 Feb 2025 9:11 AM IST

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.

Tags: Donald TrumpUS President TrumpUS President Donald Trump

Categories: International

Vidya

Vidya is a talented author and expert in visual journalism, specializing in the creation of impactful infographics. At Newsographics, she transforms complex data into visually engaging news articles that capture audience attention. With a strong background in design and journalism, Vidya advocates for the use of infographics to enhance understanding and accessibility of information, making her a significant voice in modern media practices.