Asian shares climbed Tuesday after President Donald Trump said tariffs on Mexico and Canada would be delayed for a month. Stocks across Asia were up Tuesday. The Hang Seng Index in Hong Kong grew 2.10% to 20,

Japanese auto stocks fell sharply after new U.S. tariffs against Mexico, Canada and China raised concerns about their U.S. sales of cars made in the North American trading partners and a further escalation in trade conflicts.

Asian stocks reliant on exports, ranging from Japanese carmakers to Chinese e-commerce firms, nosedived after US President Donald Trump unleashed his first wave of tariffs, signaling the beginning of a new round of global trade war.