US EditionAsian Shares Rise After Wall Street Falls as Trump Pressures Trading Partners with New Tariffs
DELHI, INDIA, JUL 6 – Tariff letters targeting 12 countries are being prepared by Donald Trump as a trade deadline nears, raising concerns about disruptions in international trade relations.
- On Monday at 1600 GMT, Donald Trump sent tariff letters to 12 countries outlining rates from 60–70% to 10–20%, effective August 1.
- Following the April pause, Trump expects to send tariff letters or reach deals by July 9, with tariffs resuming afterward to pressure trading partners.
- Considering Trump’s unpredictability, analysts expect trade extensions to remain uncertain, with markets likely volatile into the July 9 deadline.
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Associated Press News+15 Reposted by 15 other sources
Asian shares rise after Wall Street falls as Trump pressures trading partners with new tariffs
Asian shares are mostly higher after stocks fell on Wall Street as the Trump administration stepped up pressure on trading partners to make deals before punishing tariffs imposed by the U.S. take effect.
·United States
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Trump tariff: Wall Street falls as Trump pressures trading partners with new tariffs
Trump also said on Sunday, July 6, that he would impose an additional 10% in tariffs against the BRICS bloc of developing nations, which had condemned tariffs increases at its summit in Brazil.
·India
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Total News Sources196
Leaning Left47Leaning Right20Center56Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 38%
C 46%
R 16%
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