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.
Stocks across Asia were up Tuesday. The Hang Seng Index in Hong Kong grew 2.10% to 20,642.58. Japan’s benchmark Nikkei 225 was up 1.61% to 39,140.41, while South Korea’s Kospi grew 1.63% to 2,493.99. Australia’s S&P/ASX 200 rose 0.13% to 8,390.20.
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. Trump last week imposed 10% tariffs on Chinese goods that is expected to go into effect Tuesday.
Canada announced that it had reached a deal with the U.S. for a one-month reprieve only after U.S. markets had closed.
Analysts said that markets Tuesday were driven by the postponement of tariffs on countries like Canada and Mexico. AP
Asian shares climbed Tuesday after President Donald Trump said tariffs on Mexico and Canada would be delayed for a month.
Stocks across Asia were up Tuesday. The Hang Seng Index in Hong Kong grew 2.10% to 20,642.58. Japan’s benchmark Nikkei 225 was up 1.61% to 39,140.41, while South Korea’s Kospi grew 1.63% to 2,493.99. Australia’s S&P/ASX 200 rose 0.13% to 8,390.20.
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. Trump last week imposed 10% tariffs on Chinese goods that is expected to go into effect Tuesday.
Canada announced that it had reached a deal with the U.S. for a one-month reprieve only after U.S. markets had closed.
Analysts said that markets Tuesday were driven by the postponement of tariffs on countries like Canada and Mexico. AP
Asian shares climbed Tuesday after President Donald Trump said tariffs on Mexico and Canada would be delayed for a month.
Stocks across Asia were up Tuesday. The Hang Seng Index in Hong Kong grew 2.10% to 20,642.58. Japan’s benchmark Nikkei 225 was up 1.61% to 39,140.41, while South Korea’s Kospi grew 1.63% to 2,493.99. Australia’s S&P/ASX 200 rose 0.13% to 8,390.20.
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. Trump last week imposed 10% tariffs on Chinese goods that is expected to go into effect Tuesday.
Canada announced that it had reached a deal with the U.S. for a one-month reprieve only after U.S. markets had closed.
Analysts said that markets Tuesday were driven by the postponement of tariffs on countries like Canada and Mexico. AP
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Asian shares climb as Trump postpones Mexico and Canada tariffs for a month
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