Stock markets shrug off tariff letters after Trump says August 1 tariff deadline ‘not 100% firm’ – business live

News Snapshot:

02.09 EDT Introduction: Asia-Pacific markets shrug off new Trump tariff threats Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. The TACO trade is back! Many Asia-Pacific stock markets are rising today, despite Donald Trump’s decision to ramp up his trade war by announcing new tariffs on 14 US trading partners. There’s relief that Trump has announced a new pause before these new levies kick in – a new three-week reprieve kicks the can down the road to 1 August, rather than tomorrow. This delay will give countries to negotiate trade deals...