Global equity markets were muted as Trump’s latest tariffs came into effect at 10%, a lower than expected rate.

After most of his tariffs were outlawed on Friday, Trump announced new global tariffs of 10% - which he says he has now increased to 15%.

"It also means some of America’s biggest trading partners, like the EU and Japan, will find themselves exactly back where they were last week."

Asia-Pacific markets were set to open higher, shrugging off concerns after U.S. President Donald Trump said he will increase global tariffs to 15% from 10%.

Global markets took President Trump's latest tariff salvos largely in stride, as investors are once again assessing whether this is another negotiating tactic.

Some of the things Trump might do next could be more extreme than his “Liberation Day” tariffs, and will certainly be more complex.

The president threatened to raise the tariff to 15% but has not yet issued an official directive to increase the rate.

Global equity markets were muted as Trump’s latest tariffs came into effect at 10%, a lower than expected rate.