The White House announced adjustments to tariff arrangements covering aluminium, steel and copper imports, while cutting duties on agricultural equipment such as combines and harvesters from 25% to 15%.
Mobile industrial equipment including bulldozers and forklifts will also qualify for a 15% rate when imported from countries with existing trade agreements.
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MDB had good earnings yesterday
investingLive Asia-Pacific FX news wrap: Trump indicated a deal within a week. Again.
MFG global markets chief Nagata said the BOJ should hike in June and lay out a clear normalisation path to stabilise bonds, as 10-year yields hit 30-year highs and the yen nears 160.
Citi reiterate forecast for a 25bp RBA rate hike at the Bank's August meeting.
Nvidia CEO Jensen Huang said the company has secured supply for robust AI growth but remains supply constrained, speaking at Computex in Taipei where he reaffirmed a $150bn annual Taiwan investment.
Australia's net trade and flat government spending cloud GDP outlook. Australia's net trade will subtract ~0.8ppt from Q1 GDP as data centre and fuel imports surged and commodity exports fell.
SMBC Nikko warns Japan is one step from a historic yen collapse, citing oil price risk and fiscal loosening, as Finance Minister Katayama pledges action if needed.
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