Trump postponed 25% tariffs on some imports from Mexico and Canada for a month amid widespread fears of the economic fallout from a broader trade war.

U.S. President Donald Trump suspended on Thursday tariffs of 25% he had imposed this week on most goods from Canada and Mexico, the latest twist in a fluctuating trade policy that has whipsawed markets and fanned worries about inflation and growth.

The US president had imposed sweeping 25% tariffs on his country's North American neighbours earlier this week.