Asian markets mixed as trade deal cut-off looms

Hong Kong (AFP) July 2, 2025

Asian markets swung Wednesday amid trade war worries after Donald Trump said he would not push back next week's tariff deadline, with Tokyo taking a hit from threats to ramp up Japanese levies. Sentiment was also mixed after the US president's signature budget bill scraped through the Senate, with optimism over the extension of deep tax cuts offset by warnings it could add around $3 trillion