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Asia-Pacific markets traded mostly higher Friday after U.S. President Donald Trump announced 35% tariffs on Canada starting Aug. 1.
He also told NBC News Thursday that he plans to impose blanket tariffs of 15% or 20% on most trade partners.
“I think the tariffs have been very well-received. The stock market hit a new high today,” the president told NBC News’ “Meet the Press” moderator Kristen Welker in a phone call.
Singapore’s benchmark Straits Times Index climbed to a fresh high Friday, notching its fifth consecutive day of gains.
The country’s equities climbed 0.51% to hit a fresh record of 4,096 points Thursday as of 11.33 a.m. local time, data from LSEG showed. – CNBC
