Global markets shrugged off news of Trump's latest tariffs, with both Asia-Pacific and Europe stocks staging a muted response Tuesday.

Global stocks are mostly higher Tuesday after President Donald Trump pushed back imposing his "reciprocal" tariffs and reportedly said he was open to deals.

—Asian stock markets mostly advanced Tuesday after President Trump unveiled his three-week extension to negotiate trade agreements, spurring mild hopes for deals following punishing U.S. tariffs. Japan’s Nikkei 225 index gained 0.3%, and Hong Kong’s Hang Seng gained 1%. China’s benchmark Shanghai Composite gained 0.7%.