US EditionPeso Advances as Trump Signals Tariff Flexibility - BusinessWorld Online
UNITED STATES, JUL 8 – Tariffs up to 40% target 14 countries as part of US efforts to pressure trading partners for better deals, with some duties delayed to August 1, officials said.
- US President Donald Trump announced higher tariffs on multiple countries, including 40% on Myanmar and Laos, but remains open to further negotiations, postponing the increase until at least August 1.
- Despite the tariffs, Asian shares rose, reflecting optimism that Japan and other countries may negotiate deals to prevent economic disruption.
- Negotiators from India conveyed that they submitted their best trade offer, with the outcome now depending on Trump's decisions regarding negotiations.
- Japan's Prime Minister Shigeru Ishiba confirmed ongoing discussions with the US to establish a beneficial bilateral trade agreement.
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12 Articles
Peso advances as Trump signals tariff flexibility - BusinessWorld Online
The peso appreciated against the dollar on Tuesday after US President Donald J. Trump’s announcement of higher tariffs on 14 countries, while hinting at being open to further trade negotiations. It closed at P56.35 a dollar, up 33.5 centavos from its P56.685 finish on Monday, according to Bankers Association of the Philippines data posted on its website. “The dollar-peso traded lower on risk-relief rally after President Donald J. Trump signaled …
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SET index drops, Asian shares fluctuate as Trump open to tariff talks
The Stock Exchange of Thailand index dropped almost 1%, while other Asian shares swung between small gains and losses as United States President Donald Trump left the door open for additional trade negotiations after imposing new tariff rates on several countries.
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