Japan’s benchmark Nikkei 225 jumped 9.1% as investors welcomed the U.S. president's decision to put his sharp tariff hikes on hold for 90 days.
Trump's latest tariffs include a massive 104% levy on U.S. imports of Chinese products.
Some relief is flowing through financial markets worldwide as stocks bounce to recover a bit of their historic losses since Trump dramatically raised the stakes in his trade war last week.
Trump said he won’t back down on his sweeping tariffs on imports from most of the world unless countries even out their trade with the U.S.
It also is a warning that the company’s first-quarter earnings report later this month could disappoint investors.
The online retailer increased its anti-union spending significantly in 2024 as it faced organizing efforts from the Teamsters and other groups.