US EditionWorld Shares Are Mixed Ahead of Trump’s Deadline for Imposing Higher Tariffs on Chinese Goods
CHINA, AUG 11 – Asian shares rose ahead of U.S. tariff deadline amid strong corporate earnings and a 90-day tariff pause, with Australia’s S&P/ASX 200 gaining 0.3%, market data showed.
- Ahead of the tariff deadline, Asian shares advanced as U.S. President Donald Trump’s imposed higher tariffs on Chinese goods neared.
- The tariff truce must be extended by Tuesday after tariffs were paused for 90 days, with last month’s Stockholm talks ending without extension.
- Corporate earnings supported the market rally, with Nvidia rising 1.1% and Apple gaining 4.2%.
- Early Monday, U.S. benchmark crude oil dropped 38 cents to $63.50 and the euro rose to $1.1673 against the yen.
- The Federal Reserve has been trying to cool inflation to its 2% target, with market expectations for a quarter-point rate cut at its September meeting.
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The AEX is higher this morning, led by Adyen. Investors are encouraged by the talks between the US and Russian presidents on Friday and are not worried about the approaching deadline for China to reach a trade agreement with the US.
Associated Press News
Asian shares advance ahead of Trump's deadline for imposing higher tariffs on Chinese goods
Shares are higher in Asia a day ahead of U.S. President Donald Trump's deadline for imposing higher tariffs on goods imported from China.
The US is treating China very kindly, US President Donald Trump said in Washington today, the day before the expiry of the trade deal with the Asian superpower, avoiding a clear answer to the question of whether he would postpone the deadline for imposing higher tariffs on Chinese goods imported into the US. Chinese authorities are hoping for a positive outcome for both sides.
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