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ASIAN MARKETS REFERENCE IMAGE

Global Markets Steady as Trump's Tariff Targets Asia; Yen Drops on 25% Duties

Global markets were largely steady on Tuesday, responding in equilibrium to new U.S. tariffs on goods from Asia. The president has notified 14 countries that tariffs will increase to as much as 25 percent. Japan and South Korea were subjected to the measures, but the EU was exempted and is close to a deal. Investors anticipate more trade discussions before the Aug. 1 deadline, which is helping keep markets steady for the time being.
Jul 8, 2025
By Anshul Panda
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By IBTimes SG Desk