India, March 26 -- Asian stock markets are trading mixed on Thursday, following the broadly negative cues from Wall Street overnight, amid ongoing concerns about the heightening trade war and the potential impact on inflation and global growth after U.S. President Donald Trump announced 25 percent tariffs on auto and auto parts starting next week. Asian Markets closed mostly higher on Wednesday.
Meanwhile, Trump also said tariffs coming in April will 'probably be more lenient than reciprocal' and that he would consider lowering tariff rates imposed on China. Trump added there would be exceptions to the tariffs, but there would be "not too many exceptions."
There were also hawkish comments from US Fed officials, who said the trade policies...