Asia stocks mixed as Trump tariff uncertainty lingers; China inflation data also weighs
2025-07-09 05:34:47
Main Idea
Asian stock markets showed mixed trading as U.S. futures dipped slightly following President Trump's threats to impose tariffs on copper and other goods, escalating global trade tensions.
Key Points
1. Asian stock markets traded mixed on Wednesday.
2. U.S. futures experienced a modest drop.
3. U.S. President Trump escalated trade tensions by threatening a 50% tariff on copper.
4. Trump signaled upcoming levies on other goods.
Description
Asia stock markets trade mixed on Wednesday, amid a modest drop in U.S. futures after U.S. President Trump escalated his global trade war by threatening a 50% tariff on copper and signaling upcoming levies on semiconductors and pharmaceuticals. In the latest trade development, the president confirmed that the newly imposed duties on 14 countries, set to take effect on August 1, would proceed without revisions or delays, he threatened tariffs of up to 200% on pharmaceutical imports, though implem...
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