Asian stock exchanges are following a mixed course with the impact of the continuation of the “tariff duel” with China, although US President Donald Trump has suspended additional tariffs for trade partners for 90 days.
In global markets, US President Donald Trump’s frequent changes in customs duty policies makes it difficult for investors to make decisions.
While a mixed course is dominant in the Asian stock exchanges, the developments in the region between the United States and China in the region are closely monitored.
Trump, at the cabinet meeting, claimed that China has benefited from the US for a long time due to long customs tariffs, “We will see what will happen with China, we would love to make an agreement with them.” he said.
Trump, who did not answer the question about whether Chinese President Shi Cinping directly interviews with Shi Cinping, gave a message that they are always open to contact with Beijing.
The White House also clarified the tariff ratio to China and reported that the total tariff ratio reached 145 percent when it was included in the Fentanyl crisis. On the other hand, the Chinese government was positively welcomed in the markets to have negotiations to revive global trade.
Chinese Trade Minister Vang Vintao met with Maros Sefcovic, a member of the EU commission in charge of trade, and Malaysia, the President of ASEAN Tengku Zafrul Aziz.
According to the statement made by the Ministry, Vang, EU Commission member Sefcovic in a video conference meeting, the installation of the pricing of electric vehicles on the immediate initiation of negotiations and strengthening the investment ties in the automobile sector.
Emphasizing that they are ready to start negotiations on access to the market, the parties stated that they support the maintenance of dialogue to reduce the foreign trade deficit.
During the meeting, concerns about the directions of Chinese goods that could not be sold to this country after the increase in the tariff of the EU, the USA, and the possibility of cheap manufacturing products to invade the continental markets were also discussed.
However, the Japan government considered US President Donald Trump’s decision to stop its customs tariffs for 90 days for countries that do not retaliate.
With these developments, the Nikkei 225 index decreased by 3 percent in Japan with 33.584 points and the KOSPİ index in South Korea decreased by 0.5 percent to 2.433 points.
The Hang Seng index in Hong Kong is trading at 20.986 points with a 1.5 percent rise, the Shanghai compound index in China increased by 0.5 percent to 3.239 points and the Sensex index in India is 2.1 percent.
