World shares are mixed after Trump pulls back on some tariffs Boston 25 News [Video]

BANGKOK — (AP) — European shares opened mostly lower and U.S. futures dropped more than 1% on Thursday after most Asian markets ended the day with gains.

Selling pressure kicked in after Wall Street’s rally, which was spurred by President Donald Trump’s decision to give a one-month exemption for U.S. automakers on his 25% tariffs for Mexican and Canadian imports. That raised hopes he may avoid a worst-case trade war that grinds down economies and sends inflation higher.

Germany’s DAX gained 0.5% to 23,194.03 and the CAC 40 in Paris lost 0.5% to 8,135.30. Britain’s FTSE 100 sank 1% to 8,670.99.

The future for the S&P 500 was down 1.2% and that for the Dow Jones Industrial Average was 1% lower.

In Asian trading, Tokyo’s Nikkei 225 index gained 0.8% to 37,704.93. Japanese automakers’ shares surged in U.S. trading, though Toyota Motor Corp.’s shares fell back in Tokyo trading. losing 1%. Honda Motor Corp. gained 2% and Nissan Motor …