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Wall St Off lows after Trump pauses tariffs On Mexico for a month
Mint Hyderabad
|February 04, 2025
Wall Street's main indexes pared losses on Monday, as US President Donald Trump paused new tariffs on Mexico for one month after his orders to levy steep tariffs on key trading partners sparked a global scramble to safe-haven assets earlier in the session.
All Street's main indexes pared losses on Monday, as US President Donald Trump paused new tariffs on Mexico for one month after his orders to levy steep tariffs on key trading partners sparked a global scramble to safe-haven assets earlier in the session.
Over the weekend, Trump imposed hefty new tariffs of 25% on imports from Mexico and Canada, and 10% on China—which he said may cause "short-term" pain for Americans.
Trump's announcement on Mexico came after the country agreed on Monday to reinforce its northern border with 10,000 National Guard members to stem the flow of illegal drugs, particularly fentanyl.
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