Asia steady on China exports, eyes Trump’s EU & Mexico tariffs

July 14, 2025 (MLN): Asia-Pacific stocks found modest support Monday, lifted by stronger-than-expected Chinese trade data, even as investors weighed the impact of U.S. President Donald Trump’s fresh 30% tariffs on the European Union and Mexico, slated to begin August 1.

China’s exports rose 5.8% in June, outpacing forecasts for a 5% gain, as exporters accelerated shipments ahead of tariff deadlines.

Imports advanced 1.1%, missing expectations but marking the first annual increase this year, hinting at tentative stabilization in domestic demand.

In Japan, government bond yields pushed higher, with the 10-year JGB yield climbing 5.5 basis points to 1.554%, near a two-month peak, reflecting shifts in global rate sentiment.

Meanwhile, Bitcoin rocketed to a fresh record, touching $119,454 before easing back.

The cryptocurrency’s historic run underscores a voracious risk appetite even as global trade tensions flare.

All eyes now turn to negotiations between the U.S., EU and Mexico in the coming weeks, with markets parsing whether the new tariffs stick or give way to partial deals that could ease global growth jitters.

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