India, July 7 -- Asian stock markets are trading mixed on Tuesday, following the broadly negative cues from Wall Street overnight, amid renewed uncertainty over U.S. President Donald Trump's tariff policies after he again extended the implementation of new reciprocal tariffs until at least August 1. Japan is facing tariffs of 25 percent, much lower than up to 35 percent expected earlier. Asian markets closed mixed on Monday.
Trump shared screen shots on Truth Social of letter sent to various world leaders about new tariffs set to be imposed on August 1. Imports from Japan, South Korea, Malaysia and Kazakhstan are now set to face 25 percent tariffs, South African imports will be subject to a 30 percent tariff and imports from Laos and Myanm...