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Shares Steady, Dollar Firms on US Tariff Letters; Oil Dips

Summary by New Strait Times
TOKYO: Stock markets in Asia took in stride the latest twist in US President Donald Trump’s tariff roll-out on Tuesday, as the dollar held onto gains and oil retreated. Shares on Wall Street fell after Trump sent letters to 14 countries, including Japan and South Korea, unveiling sharply higher tariffs on imports into the United States, while also postponing their implementation to Aug 1. © New Straits Times Press (M) Bhd

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Lean Left

Tariffs: Trump maintains pressure with letters sent to trading partners

·Montreal, Canada
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U.S. NewsU.S. News
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Lean Left

Shares steady in Asia on US tariff letter; dollar firms

·New York, United States
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Dollar strengthens, oil prices fall after new US tariffsAsian stock markets are steady while the dollar strengthens and oil prices fall after the US announced higher tariffs on 14 countries, including Japan and South Korea, from August 1. The European Union will not face new increased tariffs.

·Kyiv, Ukraine
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US President Donald Trump has begun sending letters to other countries with notices of punitive tariffs.

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goldseek.com broke the news in on Monday, July 7, 2025.
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