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World markets soared on Thursday, with Japan’s benchmark jumping more than nine per cent as investors welcomed U.S. President Donald Trump’s decision to put his latest tariff hikes on hold for 90 days, though he excluded China from the reprieve.
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Oil extended a volatile run as investors grappled with abrupt shifts in U.S. trade policy, with futures returning to losses after a brief relief rally ignited by U.S. President Donald Trump’s decision to pause some tariffs.
The European Union’s executive commission said Thursday it will put retaliation measures on hold for 90 days to match U.S. President Donald Trump’s pause on his sweeping new tariffs on global trading partners and leave room for a negotiated solution.
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