Stock market today: Asian shares climb as Trump postpones Mexico and Canada tariffs for a month
Tuesday, 4 February 2025 () Asian shares are climbing 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 are expected to go into effect Tuesday.
China has announced plans to file a lawsuit at the World Trade Organization (WTO) in response to U.S. President Donald Trump's new tariffs on Chinese goods. The tariffs, which are set to take effect on February 4, will include a 25% tax on imports from Mexico and Canada, and a 10% tariff on Chinese...
Trump and Trudeau hold talks as tensions escalate over tariffs, with Trump defending his move as part of a "drug war" aimed at tackling fentanyl trafficking from Mexico and Canada. The heated exchange..
Trump made good on his threat to slap tariffs on China, Mexico and Canada over the weekend. All imports from China now face a 10% duty. It’s 25% on imports from Mexico and Canada. Canadian oil,..
Tuesday, 4 February 2025 ()
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