India, Feb. 4 -- The U.S. dollar weakened against its major counterparts in the New York session on Tuesday, as President Donald Trump paused trade tariffs on Mexico and Canada for a month.
Trump agreed to delay 25 percent tariffs on imports from Mexico and Canada for at least 30 days on Monday.
However, China slapped tariffs on U.S. imports in a rapid response to a 10% trade duty imposed by the Trump administration on Chinese goods, which took effect from 00:00 ET today.
China's Finance Ministry said it will impose a 15 percent duty on imports of coal and liquified natural gas from the U.S. Also, there will be 10 percent additional duty on imports of crude oil, agricultural equipment and automobiles from the U.S. from February 10.
The ...