Canadian and Mexican negotiators rushed to Washington to try and seal last-minute trade deals in a chaotic push before a US tariff reprieve expires.
The White House also said it would hold 11th-hour talks with India, ahead of Friday’s return of punishing “Liberation Day” levies.
Separately, US President Donald Trump said he had reached an agreement with South Korea to reduce duties, and outlined exemptions to copper tariffs — also due to come into effect Friday — which were wider than investors had anticipated, sending prices for the metal plummeting. “It’s tempting to move on from the idea that US trade policy will move markets,” Morgan Stanley economists said in a note to clients. “Resist that temptation.”
