Asia Markets: Asian markets mostly gain despite looming U.S. tariff hikes targeting Chinese goods [MarketWatch]
Takeda Pharmaceutical Company Limited American Depositary Shares (each representing 1/2 of a share of) (TAK)
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Source: MarketWatch
Asian markets mostly gain despite looming U.S. tariff hikes targeting Chinese goods Asian markets were mostly higher, though off session highs, in early trading Friday, despite looming U.S. tariff hikes set to kick in just after midnight, Eastern time. The Trump administration is set to raise tariffs to 25% from 10% on $200 billion of Chinese goods at 12:01 a.m. Friday. Still, President Donald Trump said Thursday he had received a “beautiful” letter from China’s President Xi Jinping and said a trade deal with China was still possible this week. U.S. and Chinese negotiators agreed to meet again Friday , in a positive sign following speculation that Thursday’s meeting in Washington was simply perfunctory. The tariff hikes reportedly won’t hit goods that have already left Chinese ports before Friday’s deadline , so they won’t start taking affect until those shipments complete the three- to four-week voyage across the Pacific Ocean, in effect buying negotiators a little time to still work
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Sec Filings
- 10/31/24 - Form 6-K
- 10/31/24 - Form 6-K
- 10/31/24 - Form 6-K
- TAK's page on the SEC website