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Asia-Pacific markets were set to open mostly lower Tuesday, tracking losses on Wall Street as investors weighed renewed tariff threats from U.S. President Donald Trump and concerns about artificial intelligence disrupting software companies.
Trump posted on Truth Social Monday that any country that wants to “play games” with the Supreme Court decision “will be met with a much higher tariff.”
The comments followed a Supreme Court decision Friday striking down tariffs enacted under the International Emergency Economic Powers Act. In response, Trump said he would impose a 15% global tariff under Section 122 of the 1974 Trade Act.
Investors in Asia were also awaiting China’s loan prime rate decision. The one-year LPR serves as a benchmark for new commercial loans, while the five-year LPR guides property loans. Markets in mainland China reopened after the Lunar New Year holiday.
