Global Markets Plunge as Trump Imposes Sweeping Tariffs on Canada, Mexico, and China 
Trump and Xi Set for Crucial Trade Talks Amid Tariff Tensions 
U.S. Warns Panama Over China's Influence on Canal Operations 
Canada Introduces Tariff Relief for Businesses Amid U.S. Trade Dispute 
Canadian Dollar Plummets to 22-Year Low as U.S. Tariffs Trigger Market Turmoil 
Trump Pauses Tariffs on Canada Following Border Security Agreement 
Trump Pauses Tariffs on Mexico, Canada; China Tariffs Proceed as Planned 
Australian Retail Sales Dip in December After Black Friday Surge 
Canada Fights Back: Challenges U.S. Tariffs with Legal Action and Retaliatory Measures 
Dollar Surges as Trump Imposes New Tariffs, Global Markets React 
Mexico Strikes Back with Tariffs as Trade War Escalates with U.S. 
Scholz Warns Against Trade Barriers as EU Eyes Response to U.S. Tariffs 
Oil Prices Surge as Trump’s Tariffs Spark Supply Concerns 
Global Stocks Slide as Trump’s Tariffs Fuel Trade War Fears 
Trump Threatens Higher China Tariffs as Trade Talks Loom 
Dollar Surges as Trade War Escalates, Chinese Yuan Hits Record Low 
Asian stocks surged on Tuesday after U.S. President Donald Trump postponed planned tariffs on Canada and Mexico, easing immediate trade war concerns. The delay provided a relief rally following Monday’s steep declines triggered by Trump’s initial tariff announcement.
Trump had announced a 25% tariff on imports from Canada and Mexico, alongside a 10% levy on Chinese goods, effective February 4. However, after discussions with Canadian and Mexican officials, he agreed to delay the tariffs on Mexico and Canada by 30 days, reducing the risk of supply chain disruptions and offering a potential window for further negotiations.
Japan’s Nikkei 225 rose 1.5%, while TOPIX gained 1.4%. South Korea’s KOSPI jumped 1.8%, rebounding from a multi-week low. Australia’s S&P/ASX 200 edged up 0.4%, and the Philippines’ PSEi Composite rallied 2%. In contrast, Thailand’s SET Index slipped 0.8%. U.S. stock index futures also gained in Asian trade after Wall Street closed lower on Monday.
Chinese markets remained closed for the Lunar New Year holiday and will reopen on Wednesday. Meanwhile, the U.S. tariffs on Chinese imports were still set to take effect, though investors appeared less concerned, expecting future negotiations and potential economic stimulus from China.
Hong Kong stocks soared as optimism around local artificial intelligence (AI) development drove gains. The Hang Seng Index jumped 3%, led by Semiconductor Manufacturing International Corp (SMIC), which surged 7.2%. Chinese tech giants Xiaomi and Alibaba climbed 5% each, reflecting strong investor confidence in AI-driven growth.
With market sentiment improving and trade uncertainties easing in the short term, investors are closely monitoring further developments in U.S.-China trade relations.
