Source: International Business Times
Carmakers rallied on hopes for a reprive from Donald Trump's 25 percent tariffs on auto imports AFP Asian stocks were mixed Tuesday as some stability returned to markets after last week's rollercoaster ride, with auto firms boosted by Donald Trump's possible compromise over steep tariffs on the sector. However, the US president's unorthodox approach to trade diplomacy continues to fuel uncertainty among investors, with speculation over new levies on high-end technology and pharmaceuticals dampening sentiment. The announcement last week of exemptions for smartphones, laptops, semiconductors and other electronics -- all key Chinese-made products -- provided a little comfort, though Trump's suggestion they would be temporary tempered the optimism.
