Global Stocks Mostly Higher as Trump Pushes Back ‘Reciprocal’ Tariffs

Global stocks are mostly higher Tuesday after President Donald Trump pushed back imposing his “reciprocal” tariffs and reportedly said he was open to deals. 

In an executive order signed Monday, Trump moved the tariffs deadline from Wednesday to 12:01 a.m. ET on Aug. 1.Bloomberg reported that Trump said the new deadline was “not 100% firm,” and that he was willing to negotiate.

Earlier Monday, Trump shared screenshots on his Truth Social platform of signed letters outlining new tariff rates sent to the leaders of several countries, mostly in Asia, including 25% levies on South Korea and Japan.

U.S. stock futures are mixed, with Nasdaq and S&P 500 futures up 0.2% and less than 0.1%, respectively, and Dow Jones Industrial Average futures down 0.1%. The Stoxx Europe 600 index is little changed. Hong Kong’s Hang Seng Index closed up 1.1% and Japan’s Nikkei ended 0.3% higher. 

The 10-year Treasury yield is higher at nearly 4.42%. The dollar is rising against the yen and pound, but slipping against the euro.