Asian Markets Mixed As Trump Dials Down After EU Tariff Threat

Source: International Business Times

Donald Trump said he would delay implentation of the EU tariffs after a 'very nice call' with the bloc's head, Ursula von der Leyen AFP Asian stocks were mixed Monday after Donald Trump thrust his trade war back into the spotlight by threatening the European Union with huge tariffs before extending a deadline for their implementation. Just as markets were showing signs of settling following their bond-fuelled selloff last week, the US president hurled his latest grenade across the pond by levelling 50 levies at the bloc from June 1, saying talks were "going nowhere". He also said he would hit smartphone makers with 25 percent tolls if they did not make their handsets in the United States.