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Stock market today: Asian shares mostly rise as region continues watching Trump's latest tariffs

SeattlePI.com Wednesday, 12 February 2025 ()
Asian shares mostly rose Wednesday, as regional markets continued to watch President Donald Trump’s latest tariff escalation. Benchmarks rose in Wednesday morning trading in Tokyo, Sydney, Seoul, Hong Kong and Shanghai. Investors remained uncertain about what the impact of Trump's tariff policies might be. The latest from Trump is his announcement of 25% tariffs on all foreign steel and aluminum coming into the U.S. Wall Street held relatively firm on Tuesday. Movements in the bond market were likewise modest. Treasury yields held steady after Federal Reserve Chair Jerome Powell said again that the Fed is in no hurry to cut interest rates. Coca-Cola's stock jumped following its profit report.
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News video: Trump Declares 25% Tariffs on All Steel & Aluminum Imports – Major Trade War Escalation Looms

Trump Declares 25% Tariffs on All Steel & Aluminum Imports – Major Trade War Escalation Looms 03:54

In a major escalation of his trade policy, President Donald Trump has announced that the United States will impose a sweeping 25% tariff on all steel and aluminum imports, with additional metal duties expected later this week. Speaking aboard Air Force One, Trump also revealed plans for reciprocal...

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