Trump offers Canada/Mexico autos tariffs reprieve
Automakers are handed a one-month postponement of tariffs on Canada and Mexico by U.S. President Trump with his administration dangling the prospect of further sector-specific exemptions. Investor sentiment lifts slightly on Wall Street as a result and Asia equities follow suit. French President Emmanuel Macron says he could extend his country’s nuclear deterrent to cover Europe in the face of Russian aggression. He warns the continent must ready itself for self-defence, potentially without the U.S. providing security. Chinese e-commerce giant Alibaba launches its DeepSeek A.I. rival, helping its stock rise and pushing the Hang Seng to a new three-year high.