Stanley Szeto, executive chairman of the apparel maker, discusses how the company is adapting its supply chains to mitigate the impact of U.S. President Donald Trump's tariffs.

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Wall Street enjoys a historic rally after President Trump announces a 90-day pause on reciprocal tariffs, not including China. Asian equities are also in the green with the Nikkei and Taiwan’s Taiex leading gains. European futures are also up as are Chinese equities, despite Trump increasing levies on the country to 125 per cent. In Germany, the CDU/CSU and the SPD unveil a coalition deal with Chancellor-in-waiting Friedrich Merz addressing President Trump directly to give assurances on defence and economic competitiveness. And in autos news, Volkswagen shares plummet as the car maker misses forecasts by a wide margin amid tariff uncertainty.  

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Singapore state investor Temasek's $54 billion asset management unit is opening an office in Abu Dhabi, United Arab Emirates, called Seviora.

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Stephen Roach says investor relief may be short-lived, as Trump’s temporary pause does little to reduce long-term market uncertainty. He shared his views on CNBC's The China Connection.

➡️ "This is a 90-day pause, and again with Trump, you never want to take his descriptions as carved in stone. I mean, he says it's 90 days today, tomorrow he could say he changed his mind and shortened it or lengthened it."

➡️ "The uncertainty is not just a problem for investors, but it's also a problem for corporate decision makers when they have to make major fixed asset decisions with respect to capital spending or hiring."

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Stephen Roach, senior fellow at Yale Law School, discusses the latest developments on U.S. tariffs.

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Javier Bilbao, CEO of DHL Supply Chain Asia Pacific, shares that global trade will remain resilient as the U.S. makes up only a fraction of total trade.

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"Do you think tariff risk over India is actually lower than in many other countries?" CNBC’s Martin Soong asked James Sullivan, Head of APAC Equity Research at J.P. Morgan, on Squawk Box Asia.

➡️ "I think we also have to be cognizant that the structure of trade between India and the U.S. is very different from China, because of the services component."

➡️ “One aspect we haven’t spent a lot of time talking about is that the U.S. administration is almost entirely focused on trade in goods—not trade in services—where the U.S. actually runs a surplus."

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CNBC's Steve Sedgwick, Karen Tso and Julianna Tatelbaum co-anchor Squawk Box Europe live from London. The trio dive into the biggest stories shaping both public markets and traditional asset classes. Please note this livestream is only available in Europe and India.

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Charles Hoskinson, co-founder of IOHK, discusses the impact of geopolitical tensions on crypto markets.

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Alexander Irving, airlines analyst at Bernstein, says there has been some weakness in the U.S. airline industry amid the roll out of the U.S. tariffs, but he has "not yet" seen the same weakness from European airlines.

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