US equity futures rose Monday after President Donald Trump signed executive orders, but did not impose China-specific tariffs. The news lifted S&P 500 futures and sent the dollar plummeting. Trump’s call for a national emergency at the Mexico border had a negative impact on the peso. For now, new tariffs on major US trading partners are off the table, offering relief to markets.
Source: https://www.bloomberg.com/news/articles/2025-01-19/asian-stocks-to-gain-as-trump-and-xi-discuss-trade-markets-wrap