Asia markets rise as new tariff rates hit Japan, South Korea, delays broader deadline
2025-07-08 05:08:05
Main Idea
Asia stock markets mostly advance following US President Donald Trump's executive order extending the reciprocal tariff deadline.
Key Points
1. Asia stock markets mostly advanced on Tuesday.
2. US President Donald Trump signed an executive order extending the reciprocal tariff deadline to August 1 from July 9.
Description
Asia stock markets mostly advance on Tuesday, after US President Donald Trump announced new tariff rates on 14 countries, removing some uncertainty in the market. He also signed an executive order extending the reciprocal tariff deadline to August 1 from July 9, allowing more time for negotiations. On Monday, President Trump released letters announcing new 25% tariffs set for goods imported to the US from Japan, South Korea, Malaysia, Kazakhstan and Tunisia. The letters stated that the US may “p...
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