{"id":76869,"date":"2025-07-09T15:09:38","date_gmt":"2025-07-09T05:09:38","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=76869"},"modified":"2025-08-05T17:45:24","modified_gmt":"2025-08-05T07:45:24","slug":"wednesday-9th-july-2025-asia-mixed-as-trump-signals-sector-tariffs-warns-of-china-retaliation","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/wednesday-9th-july-2025-asia-mixed-as-trump-signals-sector-tariffs-warns-of-china-retaliation\/","title":{"rendered":"Wednesday 9th July 2025: Asia Mixed as Trump Signals Sector Tariffs, Warns of China Retaliation"},"content":{"rendered":"\n<h3><br \/><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 0.26%, Shanghai Composite up 0.34%, Hang Seng down 0.64% ASX down 0.44%<\/li>\n\n\n\n<li>Commodities : Gold at $3301.35 (0.89%), Silver at $36.8 (0.19%), Brent Oil at $69.90 (-0.39%), WTI Oil at $68.18 (-0.3%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.416, UK 10-year yield at 4.632, Germany 10-year yield at 2.642<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(AUD) Cash Rate&nbsp; 3.85%&nbsp; to 3.60% expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets were mixed on Wednesday as investors reacted to U.S. President Donald Trump&#8217;s latest tariff moves. Trump ruled out any extension on the Aug. 1 tariff deadline and announced a 50% tariff on copper imports, with more sector-specific levies expected soon. He also warned of tariffs as high as 200% on pharmaceutical exports into the U.S., though implementation would be delayed by a year to a year and a half.<\/p>\n\n\n\n<p>According to Vishnu Varathan, head of Macro Research (Asia ex-Japan) at Mizuho Securities, the focus on these tariff deadlines is a distraction from broader economic risks. In a note released Wednesday, he called them an \u201cunhelpful distraction,\u201d diverting attention from more critical sector-specific tariffs that impact global industrial ecosystems.<\/p>\n\n\n\n<p>Varathan warned that these targeted tariffs could affect different countries unevenly, depending on their specific trade deals with the U.S. He added that the threat of sectoral tariffs poses a \u201cbait and switch\u201d risk, undermining the confidence built by reciprocal agreements.<\/p>\n\n\n\n<p>Looking ahead, Varathan highlighted the potential fallout if China retaliates, warning that markets may be underestimating this risk. \u201cAsia, especially ASEAN economies, could feel a sharper squeeze as they remain deeply tied to both the U.S. and China,\u201d he noted.<\/p>\n\n\n\n<h3>Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul>\n<li>08:00 PM GMT &#8211; USD Crude Oil Inventories<\/li>\n\n\n\n<li>11:30 PM GMT &#8211; USD FOMC Meeting Minutes<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets were mixed [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":77277,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[196,215,339],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/76869"}],"collection":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=76869"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/76869\/revisions"}],"predecessor-version":[{"id":76871,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/76869\/revisions\/76871"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media\/77277"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=76869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=76869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=76869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}