Stock market today: Asia shares trade mostly lower as as investors weigh impact of US-China tariffs Asian shares were mostly lower Wednesday as markets mulled the impact of tariffs being imposed by the United States and China.
The S&P 500 rose 0.7% a day after swinging sharply on worries that President Donald Trump’s tariffs could spark a trade war that would hurt economies around the world, including the United States.
Trump may be more likely to keep tariffs on China longer, as he did in his first presidential term, to separate the United States more from its geopolitical rival.
China's 15% tariff on U.S. coal and liquefied natural gas products, as well as a 10% tariff on crude oil, agricultural machinery and large-engine cars imported from the United States won’t take effect until Monday.
That hope is built in part on traders’ belief that Trump would likely be turned off by the damage Wall Street would take if a worst-case, long-term trade war were to occur.
