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The Independent UK
The Independent UK
National
Yuri Kageyama

Asian shares advance on relief that Trump is delaying higher China tariffs

Japan Financial Markets - (Copyright 2025 The Associated Press. All rights reserved)

Asian shares mostly advanced Tuesday after President Donald Trump delayed raising tariffs on China for another 90 days.

Tokyo's benchmark Nikkei 225 jumped 2.2% to 42,718.17, topping its past all-time record. Toyota Motor Corp.'s shares surged nearly 3% and other heavyweight shares also saw big gains after the U.S. confirmed that tariffs on imports from Japan would be taxed at 15% and not subject to “stacking” the rate on top of already existing duties.

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