Asia markets react cautiously to U.S. tariff threats

MG News | July 09, 2025 at 09:22 AM GMT+05:00

0:00

July 09, 2025 (MLN): Asia-Pacific markets traded mixed on Wednesday following U.S. President Donald Trump’s firm stance against extending the August 1 tariff deadline.

Trump also announced a 50% levy on copper imports and hinted at additional sector-specific tariffs, as CNBC reported.

In a statement Tuesday, Trump further threatened up to 200% tariffs on pharmaceutical exports to the U.S., though he noted a grace period of about a year to a year and a half before implementation.

Commenting on the developments, Vishnu Varathan, Head of Macro Research for Asia ex-Japan at Mizuho Securities, called the tariff deadlines an “unhelpful distraction” from deeper geo-economic risks.

He said the deadlines divert attention from sectoral tariffs that could impact global industrial ecosystems.

Varathan warned of “bait and switch” risks, as sectoral tariffs may still affect regions despite trade agreements.

He emphasized that Asia, especially ASEAN, remains vulnerable to the escalating trade tensions between the U.S. and China.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	148,617.78 624.60M	0.86% 1274.27
ALLSHR	91,685.08 1,340.28M	0.74% 669.39
KSE30	45,247.79 197.43M	0.83% 370.74
KMI30	212,370.79 224.51M	1.05% 2209.48
KMIALLSHR	61,227.89 711.87M	1.18% 715.56
BKTi	41,264.02 160.39M	0.54% 221.73
OGTi	30,019.10 23.63M	0.64% 190.41

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,265.00	113,390.00 108,020.00	-4475.00 -3.97%
BRENT CRUDE	67.46	67.94 67.29	-0.52 -0.76%
RICHARDS BAY COAL MONTHLY	88.70	88.70 88.70	-0.75 -0.84%
ROTTERDAM COAL MONTHLY	96.15	96.75 96.00	-0.40 -0.41%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	64.01	64.55 63.88	-0.59 -0.91%
SUGAR #11 WORLD	16.34	16.52 16.33	-0.14 -0.85%