Asian stocks were higher while European stocks and U.S. futures were mostly flat as markets focus on the latest trade developments after President Trump announced a three-week extension to the tariff deadline to Aug.

US stock futures fell as President Trump threatened stiff tariffs on imports from more than a dozen countries and delayed the return of sweeping April levies.

All three major U.S. indexes ended higher last week, notching three record closing highs despite an abbreviated trading week.