On Saturday, the Trump administration said it would put in place 25% tariffs on Canada and Mexico and 10% tariffs on China, effective Tuesday. Early Monday, the administration said they are pausing plans for the 25% tariffs on Mexico for one month subject to more negotiations.

Chief Executive Officer Kurt Sievers said on a call with analysts, “there are so many unknowns, that we could only get it wrong.” STMicro’s results came before Trump’s formal announcement of sweeping tariffs on the three countries,

Taiwan’s government will soon look at whether it needs to help its domestic industry over threats by President Donald Trump to put tariffs on semiconductors, Premier Cho Jung-tai said on Wednesday.

U.S. President Donald Trump signed an order on Saturday that imposes 25% tariffs on U.S. trade partners Canada and Mexico on imports from those countries. For Canadian energy companies, the tariff is slightly less at 10%. The order also includes a 10% additional tariff on imports from China.

The markets recovered some losses after Mexico's president announced a one-month tariff reprieve for her country.

Wall Street was mixed in light trading early Tuesday as anxiety dissipated somewhat after President Donald Trump agreed to a 30-day pause on his tariff threats against Mexico and Canada. Trump's imposed tariffs on China remained in place.