Asia stocks slip as US tariff war keeps investors on edge
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SYDNEY: Losses in Wall Street futures dragged Asian stocks lower on Monday as the latest round of threats in the U.S. tariff wars kept investors on edge, though the fallout was limited by hopes this was mainly bluster by President Donald Trump. Trump on Saturday said he would impose a 30% tariff on most imports from the EU and Mexico from August 1, even as they are locked in long negotiations. The European Union said it would extend a suspension of countermeasures to U.S. tariffs until early August and continue to press for a negotiated settlement, though Germany's finance minister called for firm action if the levies went ahead. Investors have become largely inured to Trump's chaotic policy methods and stocks eased only modestly, while the dollar gained just a fraction on the euro. "It is hard to say whether the muted market response is best characterised by resilience or complacency," said Taylor Nugent, a senior ma...