Stocks Struggle As Trump Unveils New Tariff Sweep Offsets Earnings
By: | Published: 2025-08-01 12:05:00 | Source: www.ibtimes.com
Asian markets mostly fell Friday as Donald Trump announced tariffs on dozens of trading partners ahead of a self-imposed deadline, offsetting strong earnings from tech giants.
With hours to go before the US president’s deadline for governments to make toll-averting deals, he unveiled a list of sweeping levies he had decided to impose upon those still in talks.
However, he did provide a minor reprieve by saying the measures will take effect next Friday.
Governments around the world have been scrambling to cut agreements with the White House since Trump unveiled his bombshell “Liberation Day” tariffs on April 2, which included 10 percent across the board and then targeted “reciprocal” ones.
He then delayed implementation of the reciprocals until July 9, and then August 1, and next week.
Some…
