HONG KONG: Equities swung in Asian trade on Tuesday as investors weighed fresh AI fears and the US Supreme Court’s decision to strike down a large part of Donald Trump’s tariff policy.
Markets in the region have largely taken in stride the judges’ announcement that the US president was not able to use a certain act to impose his sweeping levies, with some countries benefiting from the lower tolls he later unveiled under a separate authority.
It has, however, raised questions about trade deals Washington has agreed, with the EU demanding clarity on the issue before ratifying its agreement.
On Monday, Trump said on social media that countries that “play games” in the aftermath of the ruling, “will be met with a much higher Tariff, and worse, than that which they just recently agreed to.”
Japan said on Tuesday that it would stick to a pact agreed last year.
