Both Australia and New Zealand’s leaders welcomed U.S. President Donald Trump’s decision to pause American tariff hikes for 90 days. World markets soared on Thursday as investors registered their relief over Trump’s decision.

Australian and New Zealand leaders on US pausing of tariffs for 90 days

Both Australia and New Zealand’s leaders welcomed U.S. President Donald Trump’s decision to pause American tariff hikes for 90 days. World markets soared on Thursday as investors registered their relief over Trump’s decision.