U.S. President Donald Trump on Wednesday raised hopes for another month-long pause on steep new tariffs on imports from Mexico and Canada, saying they could take effect on April 2, and floated a 25% "reciprocal" tariff on European cars and other goods.

Mexico’s peso and Canada’s dollar got a boost after President Donald Trump signaled the deadline for levies on goods from both countries would be pushed back, raising investor skepticism over one of the US leader’s signature policies.

President Donald Trump says his tariffs on Canada and Mexico are starting next month. The comment Monday indicates the end of a monthlong suspension on planned import taxes that could potentially hurt growth and worsen inflation.