Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
Japanese Yen Holds Steady as Intervention Hopes Grow Ahead of U.S. CPI Data 
Asian Stocks Slide as Oil Surge, U.S.-Iran Tensions and Fed Rate Bets Weigh on Markets 
Australia Consumer Sentiment Rises in July as Fuel Price Relief Lifts Confidence 
Oil Prices Surge as U.S.-Iran Conflict Escalates and Strait of Hormuz Risks Grow 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
Goldman Sees Foreign Investors Driving India Stock Market Recovery 
China Trade Surplus Hits $125.6 Billion as June Exports, Imports Smash Forecasts 
South Korea’s KOSPI Triggers Trading Curb as AI Chip Stock Selloff Deepens 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
Australian Business Conditions Hold Steady as Easing Cost Pressures Face New Oil Price Risks 
Asian trading partners are reassessing their positions after U.S. President Donald Trump pledged to introduce a new 10% tariff on imports from all countries, just hours after the U.S. Supreme Court struck down several of his earlier trade measures. The ruling invalidated tariffs imposed under the International Emergency Economic Powers Act (IEEPA), a law designed for national emergencies, affecting major export-driven economies including China, Japan, South Korea, and Taiwan.
According to trade policy monitor Global Trade Alert, the decision reduces the U.S. trade-weighted average tariff rate from 15.4% to 8.3%. Countries such as China, Brazil, and India could see double-digit percentage point reductions, though tariff levels remain historically elevated. Despite the court’s decision, Trump announced plans to implement a temporary 10% duty for 150 days under a different legal framework, fueling uncertainty in global markets and raising concerns of further trade restrictions.
Japan stated it would carefully review both the court ruling and Washington’s response before taking action. Taiwan, a critical player in global semiconductor supply chains, said the initial impact appears limited but pledged close coordination with U.S. authorities. Taiwan recently signed two trade agreements with the U.S., including a $250 billion investment commitment and a pact to reduce reciprocal tariffs.
China has not formally responded, though a senior Hong Kong official described the U.S. situation as a “fiasco.” Hong Kong’s secretary for financial services highlighted the city’s separate customs status, which has historically shielded it from direct U.S. tariffs on mainland Chinese goods and reinforced its trade stability.
Analysts warn that legal setbacks may not ease global trade tensions. Businesses across the Asia-Pacific region continue to report financial strain, supply chain adjustments, and market withdrawals amid escalating tariffs through 2025 and early 2026. Some countries, including Thailand, may temporarily benefit from “front loading” shipments to the U.S. before additional tariffs take effect.
