Markets React Cautiously to Trump's Tariff Stance
TL;DR Summary
Asian shares declined modestly amid escalating US-China trade tensions after President Trump announced plans for higher tariffs, including a 50% tariff on copper, causing market volatility and a record spike in copper futures before a decline. Investors remain cautious, awaiting clearer economic signals amid ongoing trade disputes and bond market fluctuations.
- Asia Set for Cautious Open as Trump Doubles Down: Markets Wrap Bloomberg
- Global stock markets are calling Trump’s bluff on tariffs CNBC
- Dollar firm, Asian stocks mixed as traders ponder tariff outlook Reuters
- Wall Street is calling Trump’s bluff CNN
- Stock market today: Dow, S&P 500 slip as Trump stays firm on August tariff deadline, announces copper duties Yahoo Finance
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