Asian markets tumbled on Thursday after US President Donald Trump admitted that he has concerns over the “costs and problems” of his trade tariffs.
Trump’s comments came as the US and China continue to engage in a trade war, with both countries imposing tariffs on each other’s goods.
The Nikkei in Japan fell 1.1%, the Hang Seng in Hong Kong dropped 1.5%, and the Shanghai Composite in China was down 1.3%.
Investors are worried that the escalating trade tensions between the US and China could have a negative impact on global economic growth.
Trump’s admission of concerns over the tariffs has added to the uncertainty surrounding the trade war, leading to increased volatility in the markets.
Analysts are closely watching the situation and are concerned about the potential impact on businesses and consumers around the world.
It seems like there is a lot of news related to the US-China trade tensions and their impact on various markets and economies. The article mentions that Apple may not have many incentives to start making iPhones in the US despite the trade war with China. Gold prices are also mentioned to have hit a record high, and Vietnam is hoping to negotiate tariffs. China’s yuan has slipped to a 19-month low, and Xi Jinping is set to visit southeast Asian countries amidst escalating tensions. Trump’s comments on the trade situation and market reactions are also highlighted in the news.
Asian markets tumbled on Thursday after US President Donald Trump admitted that he has concerns over the “costs and problems” of his trade tariffs.
Trump’s comments came as the US and China continue to engage in a trade war, with both countries imposing tariffs on each other’s goods.
The Nikkei in Japan fell 1.1%, the Hang Seng in Hong Kong dropped 1.5%, and the Shanghai Composite in China was down 1.3%.
Investors are worried that the escalating trade tensions between the US and China could have a negative impact on global economic growth.
Trump’s admission of concerns over the tariffs has added to the uncertainty surrounding the trade war, leading to increased volatility in the markets.
Analysts are closely watching the situation and are concerned about the potential impact on businesses and consumers around the world.
https://www.independent.co.uk/news/business/tariffs-live-trump-china-asia-ftse-uk-eu-stock-markets-b2731382.html
