Headline
Asian Stocks Rise As Trump Postpones Mexico, Canada Tariffs

Asian equities rose with the Mexican peso and Canadian dollar Tuesday after Donald Trump said he would delay the imposition of stiff tariffs on imports from the US neighbours, soothing trade war worries for now.
Tokyo, Seoul, Manila, Sydney, Mumbai, Bangkok, Wellington and Taipei were also in the green. Sydney and Singapore edged down.
But early euphoria was tempered somewhat after China announced levies on some imports of US goods as Washington’s measures kicked in, with no news that the two sides had reached an agreement to pause.
Markets from Japan to New York were sent tumbling Monday after news at the weekend that Trump had signed off 25 percent duties against Mexico and Canada, fanning concerns for the stuttering global economy.
Hours before the tariffs were due to take effect, Trump said he had struck deals with Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum on immigration and fentanyl, and would postpone the measures for a month.
Talks on final deals would continue with both countries, he added.
READ ALSO: Trump’s New Tariffs Target Canada, Mexico, China
The tycoon added that he would hold talks with Beijing “probably in the next 24 hours” to avoid new 10 percent tariffs on Chinese imports.
However, with the deadline for the tariffs passing at 0500 GMT, China unveiled tariffs on a range of US goods, including crude, coal, liquefied natural gas, agricultural machinery, large-engined vehicles and pickup trucks.
China, Canada and Mexico are the United States’ three biggest trading partners and had warned they would retaliate.
News of the deals with Mexico and Canada saw the Mexican peso surge more than three percent — having tumbled to a three-year low on Monday — before paring the gains slightly. The Canadian dollar jumped more than one percent.
Asian stock markets also advanced, though unease about the lack of movement on averting the Chinese tariffs saw traders’ pare the morning’s gains.
READ ALSO: Trump Orders Bombing Of ISIS Targets In Somalia
Hong Kong, which rose more than three percent in the morning, was up more than two percent, with analysts saying the measures so far would not have a major impact on China’s economy.
The euro and British pound remained under pressure after Trump warned the European Union would be next in the firing line, while he did not rule out tariffs against Britain.
“A risk is that this is the beginning of a tit-for-tat trade war, which could result in lower GDP growth everywhere, higher US inflation, a stronger dollar and upside pressure on US interest rates,” said Stephen Dover, chief market strategist and head of Franklin Templeton Institute.
“At the margin, these tariffs should encourage more domestic production of goods in the United States. However, the uncertainty surrounding the permanence of these tariffs makes it challenging for companies to make informed capital investment decisions.”
The volatile start to February on markets follows their rollercoaster ride last week after China’s DeepSeek unveiled a cheaper artificial intelligence model rivalling those of US tech giants, sparking questions over the vast sums invested in the sector in recent years.
READ ALSO: Trump’s Policies: 201 Nigerians In US Custody For Deportation
“One thing we can say for sure. Markets are going to remain subject to massive headline risk in coming hours… days… and years,” Ray Attrill at National Australia Bank warned.
Gold spot prices held gains after spiking to a new record high of $2,830.74 on Monday, having retreated from last week’s all-time peak owing to the stronger dollar and as traders sought out the metal as a safe haven from uncertainty.
– Key figures around –
Tokyo – Nikkei 225: UP 0.7 percent at 38,798.37 (close)
Hong Kong – Hang Seng Index: UP 2.4 percent at 20,693.48
Shanghai – Composite: Closed for a holiday
Euro/dollar: DOWN at $1.0300 from $1.0302 on Monday
Pound/dollar: UP at $1.2409 from $1.2407
Dollar/yen: UP at 155.26 yen from 154.80 yen
Euro/pound: DOWN at 83.02 pence from 83.03 pence
West Texas Intermediate: DOWN 1.7 percent at $71.95 per barrel
Brent North Sea Crude: DOWN 1.0 percent at $75.23 per barrel
New York – Dow: DOWN 0.3 percent at 44,421.91 (close)
London – FTSE 100: DOWN 1.0 percent at 8,583.56 (close)
AFP
Headline
Afghanistan’s Taliban Release US Citizen
Afghanistan’s Taliban government released an American citizen from detention on Sunday, a week after freeing an elderly British couple.
In a statement, the ministry identified the detainee as Amir Amiri and said he had been handed over to Adam Boehler, Washington’s special envoy on hostages.
Boehler made a rare visit to Kabul earlier this month to discuss the possibility of a prisoner exchange with the Taliban government.
“The Islamic Emirate of Afghanistan released an American citizen named Amir Amiri from prison today,” the Foreign Ministry on X, using the official name for the government.
“The Afghan government does not view the issues of citizens from a political angle and makes it clear that ways can be found to resolve issues through diplomacy.”
READ ALSO:Taliban Detains 14 For Playing Music, Singing At Afghanistan Private Gathering
Little is known about Amiri’s case, as it has not been widely reported.
An official with knowledge of the release said Amiri, who is 36, “had been detained in Afghanistan since December 2024”.
The official added that Amiri would stop briefly in Doha, Qatar for medical checks before continuing back to the United States.
US Secretary of State Marco Rubio welcomed the release of Amiri, said he had been “wrongfully detained” in Afghanistan, and thanked Qatar for helping to get him freed.
President Donald Trump “has made it clear we will not stop until every American unjustly detained abroad is back home,” Rubio wrote on X.
In January two Americans were freed in exchange for an Afghan fighter, Khan Mohammed, who was convicted of narco-terrorism in the United States.
READ ALSO:Taliban Court Publicly Flogs Woman For Illicit Relationship, Running Away From Home
Another American, airline mechanic George Glezmann, was freed after more than two years in detention during a March visit to Kabul by Boehler.
At least one other US citizen, Mahmood Habibi, is being held in Afghanistan. The United States is offering a $5 million reward for information leading to his capture.
The Taliban authorities deny any involvement in his 2022 disappearance.
Just a week ago, Britons Peter Reynolds, 80, and his wife Barbie, 76, were released from a Kabul prison after almost eight months in detention. The Taliban authorities did not say why they were detained.
The couple was arrested in February and first held in a maximum security facility, “then in underground cells, without daylight, before being transferred” to the intelligence services in Kabul, UN experts have said.
READ ALSO:1.4 Million Girls Banned From Afghan Schools Since Taliban Return – UNESCO
The couple married in Kabul in 1970 and have spent almost two decades living in Afghanistan, running educational programmes for women and children. They also became Afghan citizens.
All the releases have been mediated by Qatar.
Both the US and the UK, like many other Western nations, warn against all travel to Afghanistan.
Russia is the only country to have officially recognised the Taliban government, which has imposed a strict version of Islamic law and been accused of sweeping human rights violations.
Dozens of foreign nationals have been arrested since the group returned to power in August 2021, when most embassies withdrew their diplomatic presence.
The Taliban government says it wants to have good relations with other countries, notably the United States, despite the 20-year war against US-led forces.
Headline
One Dead, Several Injured After US Shooting, Fire At Mormon Church
One person was killed and several others injured Sunday after a shooter targeted a Mormon church in the US state of Michigan, where the building was also set on fire, authorities said.
The suspect, a 40-year-old man from a nearby town, was shot dead by law enforcement after the attack, police said, without specifying any possible motive.
President Donald Trump called the shooting “horrendous” and said on his Truth Social platform it “appears to be yet another targeted attack on Christians in the United States of America.”
Images from the scene showed emergency services escorting people on stretchers and a large plume of dark smoke at the Church of Jesus Christ of Latter-day Saints in Grand Blanc Township.
READ ALSO:Head Of Mormon Church Is Dead
Local police chief William Renye told reporters the suspect drove his vehicle through the front doors of the church and then began firing at people inside with an assault rifle.
He said the service was active with “hundreds of people within the church.”
Authorities believe the gunman also deliberately set fire to the church before he was killed by responding police officers, Renye said.
Ten gunshot victims were transported to hospital, including one who has died, the official said.
READ ALSO:US Lifts Restrictions On Visa Validity For Ghanaians, Leaves Nigeria’s Unchanged
He added that the fire had been extinguished but that “we do believe that we will find additional victims once we have that scene secure.”
A woman who lives near the church told AFP: “My husband heard people screaming, one lady yelling for help.”
FBI agents are on the scene to assist the investigation, chief Kash Patel said on X.
“Violence in a place of worship is a cowardly and criminal act. Our prayers are with the victims and their families during this terrible tragedy,” he wrote.
Attorney General Pam Bondi also said she had been briefed on the incident.
Headline
Head Of Mormon Church Is Dead
Russell Nelson, who headed the Mormon church since 2018, died on Saturday night at age 101, the church announced.
“With sorrow we announce that Russell M. Nelson, beloved President of The Church of Jesus Christ of Latter-day Saints, passed away peacefully… at his home in Salt Lake City,” it said in a statement, using the church’s official name.
The former heart surgeon was “the oldest president in the history of the Church,” the statement added, without specifying a cause of death.
Utah Republican senator Mike Lee lauded Nelson as a “bold, visionary leader prepared by God to testify of Jesus Christ in the very times in which we now live.”
READ ALSO:Saudi Arabia’s Grand Mufti Is Dead
Nelson became the 17th president of the Church in January 2018 at age 93, succeeding Thomas Monson.
Before becoming president, Nelson successfully pushed for the church to label same-sex married couples as “apostates” and bar their children under the age of 18 from religious rites, including baptisms — though that policy was scrapped after he took on the role.
He also broke with his predecessors and cautioned against using shorthands “LDS” or “Mormons” to refer to the church.
Nelson’s successor will be chosen after his funeral by the Quorum of the Twelve Apostles, who like the church’s president are considered prophets by believers.
READ ALSO:Brazilian Jazz Legend, Hermeto Pascoal, Is Dead
The religious leader is survived by his wife, eight of his children, 57 grandchildren and more than 167 great-grandchildren, according to the church.
Founded in 1830, the Mormon church considers itself a Christian body, but bases its doctrines on the Book of Mormon, a text purporting to contain a fuller version of the words of Jesus Christ than that recorded in the Bible.
The Church of Jesus Christ of Latter-day Saints claims a total membership of more than 17.5 million people.
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