Trump administration is considering a 90 day deferral of US trade tariffs

Just ahead of the Tokyo open on Wednesday, news crossed wires that the US is considering to allow a 90-day deferral on its trade tariffs.

Market implications

The global markets paid a little heed to the news considering the major focus on the coronavirus (COVID-19) headlines as well as the updates concerning the recently famous US COVID-19 Bill. Even so, the US stock futures remain mildly positive by the press time.