US EditionAsian shares mostly decline as uncertainty grows about what’s next with Trump’s tariffs
- On Wednesday, a U.S. Court determined that President Trump did not have the legal authority under the emergency economic powers law enacted in 1977 to impose many of his broad tariffs on imported goods.
- The ruling followed lawsuits arguing Trump exceeded his legal powers, but it applies only to some tariffs, while others on steel, aluminum, and autos remain under a different law.
- Markets in Asia initially surged, with Japan's Nikkei 225 and South Korea's Kospi rallying nearly 2%, though the rally lost momentum as it spread to Europe and the U.S., reflecting ongoing uncertainty.
- Tech stocks like C3ai jumped 24.4% after a U.S. Air Force contract increased to $450 million, and Nvidia shares rose 6% following strong quarterly earnings despite tariff-related challenges.
- Despite the court decision, tariffs remain in place pending White House appeal, leaving the long-term impact on trade policies and the global economy uncertain.
86 Articles
86 Articles
Shares retreat as more tariff uncertainty looms
REC Asian shares fell on Friday as the euphoria over a US court ruling blocking President Donald Trump's sweeping tariffs wore off, giving way to concerns about prolonged economic uncertainty while Trump challenges the decision.
The market has already priced in some endpoint in Trump's tariffs: BNY Wealth's Alicia Levine
Alicia Levine, BNY Wealth head of investment strategy, joins 'Squawk Box' to discuss the latest market trends, impact of tariff uncertainty, state of the economy, what to expect from the April PCE data, and more.
KTEN
Most Asian markets reverse after Trump's tariffs get court reprieve
Most Asian shares fell Friday after a US appeal court gave Donald Trump's sweeping tariffs a temporary reprieve, fanning uncertainty a day after judges had ruled the controversial measures were unconstitutional.
Asian markets reverse after Trump’s tariffs get court reprieve
Asian shares fell Friday after a US appeal court gave Donald Trump's sweeping tariffs a temporary reprieve, fanning uncertainty a day after judges had ruled the controversial measures were unconstitutional. The losses reversed a rally across world markets the previous day as analysts warned that the legal wrangling could compound volatility and throw trade talks
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