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Most Markets Rise As Trump Sends Tariff Letters, Delays Deadline

Markets Rise
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Japan's Prime Minister Shigeru Ishiba said he 'won't easily compromise' in talks with the White House AFP Most stocks rose Tuesday as traders cautiously welcomed Donald Trump's extension of his tariff deadline and indication he could push it back further, though uncertainty over US trade policy capped gains. Days before the three-month pause on his "Liberation Day" tariffs was set to expire, the US president said he would give governments an extra three weeks to hammer out deals to avoid paying sky-high levies for exports to the world's biggest economy. That came as he sent out letters to over a dozen countries -- including top trading partners Japan and South Korea -- setting out what he had decided to charge if they did not reach agreements by the new August 1 target date.

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