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Trump pauses tariffs on Mexico, Canada
Description
President Trump signs an executive order to delay certain tariff measures on both Canada and Mexico, claiming the volte-face is unrelated to market reaction. Tech stocks lead tariff-related losses on Wall Street with U.S. equities suffering their worst trading week of the year so far. We are live in Brussels where EU leaders agree on defence spending but Hungarian opposition blocks unanimous support for Ukraine. EC President Ursula Von Der Leyen says the bloc is determined to step up to Russian aggression. Chinese export growth slows more than expected as U.S, tariffs come into effect. Imports are also down at the sharpest rate since mid-2023. And in crypto news, Bitcoin is down 6 per cent as President Trump’s crypto EO receives mixed reactions ahead of a summit on the sector at the White House.
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