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International Business Times

Business

Asian Markets Rise On Trump Auto Tariff Reprieve

Donald Trump Asia United States Canada Mexico NPC

The US tariff delay buoyed global markets and lifted the auto sector, with stocks in Hong Kong, Tokyo and Seoul climbing (Credit: AFP)

Asian markets climbed on Thursday after US President Donald Trump announced a one-month tariff delay on auto imports from Mexico and Canada.

The White House announced Wednesday an exemption on any autos coming through the North American neighbours' free trade pact, after Trump held talks with the "Big Three" US automakers -- Stellantis, Ford and General Motors.

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