Asian markets fall as Trump acknowledges 'cost' of tariffs, trade policy

Donald Trump acknowledged “a transition cost and transition problems” in his trade offensive.

Fri, 11 Apr 2025

Jitters about US tariffs hammered Asian stocks again early on Friday as President Donald Trump acknowledged a “cost” to his surging trade offensive against superpower rival China.The US leader said on Thursday the European Union was “very smart” to back off from imposing retaliatory tariffs because of his tough stance on China even as the bloc's chief warned it could tax US Big Tech.“[The EU] were ready to announce retaliation. And then they heard about what we did with respect to China... and they s...

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