US EditionAsian shares mostly decline as worries continue over Trump's tariffs
ASIA, JUL 15 – Asian markets declined amid fears of escalating U.S. tariffs, with Australia’s S&P/ASX 200 gaining 0.4% despite slower Chinese economic growth, according to early Tuesday trading data.
- Asian shares mostly declined in early Tuesday trading as worries grew over President Trump's proposed tariffs and their economic impact.
- Investor concern stems from tariffs set to take effect on August 1, which could raise recession risks and disrupt regional exporters.
- Meanwhile, Kenvue shares rose 2.3% amid shaky trading as the company, formerly part of Johnson & Johnson, announced CEO Thibaut Mongon will step down.
- U.S. dollar declined to 147.59 yen from 147.72, Brent crude dropped 25 cents to $68.96 a barrel, and UBS's Hoffmann-Burchardi said tariff escalation aims to maximize negotiating leverage.
- The market’s wait-and-see stance suggests that negotiations may delay tariff effects, with inflation readings and corporate earnings reports also influencing investor sentiment.
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One of the regions potentially hardest hit by Trump's tariffs will be Southeast Asia, notes Clark Packard of the Cato Institute. Tariffs of 25% will hit the United States' closest allies: Japan and South Korea. Tariffs are also expected for key ASEAN members: 36% for Cambodia, 25% for Malaysia, 32% for Indonesia, 40% for Laos, and 36% for Thailand. And that's not all: the White House has warned Tokyo and Seoul that if for any reason they decide …
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Total News Sources37
Leaning Left10Leaning Right2Center13Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 40%
C 52%
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