Global stocks are surging after Trump cancels Mexico tariffs

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Asian and European equities and US futures rose after the US nixed plans to slap tariffs on Mexico and weak jobs data fueled hopes of rate cuts.

President Trump's cancellation of planned tariffs on Mexican imports tempered fears of another trade war, sending Asian and European stocks and US futures higher on Monday. "Whilst this is positive for risk assets, one should be cautious that this may only embolden Mr Trump to use tariffs as a policy tool for the pursuit of non-economic interests," said one analyst.

President Trump's cancellation of planned tariffs on Mexican imports tempered fears of another trade war, sending Asian and European stocks and US futures higher on Monday. "Whilst this is positive for risk assets, one should be cautious that this may only embolden Mr Trump to use tariffs as a policy tool for the pursuit of non-economic interests," said one analyst.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Do the same for China, end this baby play game already.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global stocks gain as Mexico tariffs averted, yuan falls to 2019 lowsU.S. stock futures and Asian shares rose on Monday after the United States dropp...
Source: Reuters - 🏆 2. / 97 Read more »