Asian shares are mixed as euphoria over China-US trade truce fades

News Snapshot:

Asian shares were mixed Tuesday as the initial euphoria over the 90-day truce in the trade war between the United States and China faded, as analysts warned President Donald Trump’s policies could still quickly change. The United States said in a joint statement with China that it will cut tariffs on Chinese goods to 30% from as high as 145%. China, meanwhile, said its tariffs on U.S. goods will fall to 10% from 125%. That allows time for more talks following the weekend’s negotiations in Geneva, Switzerland, which the U.S. side said yielded “ substantial progress.” The outcome surpassed most...