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.

Stocks opened sharply lower Monday as Wall Street reacted to news that the Trump administration levied tariffs against Canada, Mexico and China. However, the main benchmarks finished well off their session lows after Trump delayed Mexico tariffs.

The market swings occurred after President Donald Trump declared levies on goods from Canada, Mexico and China and pledged tariffs on the European Union.

U.S. equity futures tumbled in early Monday trading, while energy prices leaped and the dollar soared to a two-year high against its currency peers as markets reacted to the weekend tariff announcements of President Donald Trump and their potential to trigger a global trade war.

U.S. stocks are volatile after President Trump imposed tariffs on Canada, Mexico and China over the weekend. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.

Indian benchmark indices The Sensex and Nifty surged in the second half of Tuesday, closing nearly 2 per cent higher after the US paused its planned tariffs on Canada and Mexico, providing temporary relief from escalating trade tensions.