Investors cautious as Trump signals new tariffs

Global stock markets were cautious on Tuesday as investors awaited US President Donald Trump’s decision on new tariffs, with shares in Europe opening slightly higher before falling back and those in Asia seeing modest gains. Trump hinted at imposing new tariffs on Mexico and Canada on 1 February, as part of his ambitious agenda including trade reforms and lower taxes. The dollar regained some ground against major currencies while market sentiment was dented by Trump’s tariff agenda, leading to potential volatility in the markets.

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