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Various-US Tariffs/Asia-Pacific Stocks
Beijing, China - April 3, 2025 (CGTN - No access Chinese mainland)
1. Graphic showing Nikkei Stock Average, Korea Composite Stock Price Index, S and P/ASX 200 index figure
FILE: Tokyo, Japan - May 30-31, 2023 (CCTV - No access Chinese mainland)
2. Sign of Tokyo Stock Exchange
FILE: Tokyo, Japan - Date Unknown (CCTV - No access Chinese mainland)
3. Various of stockbrokers working on computers
4. Various of traffic, pedestrians at crossroad
5. Various of National Diet building, national flag of Japan
FILE: Seoul, South Korea - September 2021 (CCTV - No access Chinese mainland)
6. Exterior of Korea Exchange
7. Sign of Korea Exchange
FILE: Seoul, South Korea - Dec 9, 2024 (CCTV - No access Chinese mainland)
8. Various of staff members working at stock exchange
FILE: Seoul, South Korea - Date Unknown (CCTV - No access Chinese mainland)
9. Various of traffic
FILE: Daegu, South Korea - Feb 22, 2020 (CCTV - No access Chinese mainland)
10. Various of national flags of South Korea
FILE: Sydney, Australia - Nov 22, 2019 (CGTN - No access Chinese mainland)
11. National flag of Australia
12. Coat of arms of Australia
FILE: Australia - Date Unknown (CGTN - No access Chinese mainland)
13. Cityscape
FILE: Sydney, Australia - Date Unknown (CCTV - No access Chinese mainland)
14. Various of view around Sydney Opera House
FILE: Canberra, Australia - March 20, 2024 (CCTV - No access Chinese mainland)
15. Various of street view
U.S. President Donald Trump's sweeping tariff policy sent shockwaves through Asia-Pacific stock markets on Thursday, with most markets down as investors brace for a full-blown trade war.
Trump on Wednesday signed an executive order on the so-called "reciprocal tariffs," imposing a 10-percent "minimum baseline tariff" and higher rates on certain trading partners.
The sweeping move triggered concerns among investors worldwide, leading to sharp declines in global stock markets.
The Nikkei 225 stock index closed down 989.94 points, or 2.77 percent on Thursday.
Japan's Chief Cabinet Secretary Yoshimasa Hayashi on Thursday expressed "serious concern" about the U.S. decision to impose reciprocal tariffs, questioning its compliance with World Trade Organization rules and a bilateral trade agreement.
At a press conference, he said that Japan has strongly urged the U.S. to retract its decision to slap a 24 percent levy on Japanese products as part of the reciprocal tariffs.
The U.S. administration's tariff plan could have a "big negative impact" on the global economy and the multilateral trade system, Hayashi said.
The Korea Composite Stock Price Index closed at 2,486.70 points, down 19.16 points, or 0.76 percent.
South Korean Prime Minister Han Duck-soo, who is serving as acting president, said Thursday that the government will use all available measures to tackle the new U.S. tariffs.
In light of the 25-percent tariff South Korea is facing, the acting president has directed the industry minister to thoroughly assess the details and impact of the U.S. tariff imposition and to engage in negotiations with the U.S. to minimize the damage.
Han ordered that supporting measures for industries and companies affected by the U.S. tariffs, such as the automotive sector, should be supported as much as possible at the pan-governmental level.
Australia's S and P/ASX 200 index closed down 0.94 percent at 7,859.70 points.
Responding to the new tariffs earlier on Thursday, Australian Prime Minister Anthony Albanese said in Melbourne that they were "unwarranted" and had "no basis in logic."
He announced that the government would provide 1 billion Australian dollars (about 629.4 million U.S. dollars) in zero-interest loans to help businesses impacted by the tariffs capitalize on new export opportunities, strengthen anti-dumping laws to protect local aluminum and steel manufacturers and establish a strategic reserve of minerals.
Various-US Tariffs/Asia-Pacific Stocks
Dateline : April 3, 2025/File
Location : Australia;Japan;Republic of Korea
Duration : 1'31
Beijing, China - April 3, 2025 (CGTN - No access Chinese mainland)
1. Graphic showing Nikkei Stock Average, Korea Composite Stock Price Index, S and P/ASX 200 index figure
FILE: Tokyo, Japan - May 30-31, 2023 (CCTV - No access Chinese mainland)
2. Sign of Tokyo Stock Exchange
FILE: Tokyo, Japan - Date Unknown (CCTV - No access Chinese mainland)
3. Various of stockbrokers working on computers
4. Various of traffic, pedestrians at crossroad
5. Various of National Diet building, national flag of Japan
FILE: Seoul, South Korea - September 2021 (CCTV - No access Chinese mainland)
6. Exterior of Korea Exchange
7. Sign of Korea Exchange
FILE: Seoul, South Korea - Dec 9, 2024 (CCTV - No access Chinese mainland)
8. Various of staff members working at stock exchange
FILE: Seoul, South Korea - Date Unknown (CCTV - No access Chinese mainland)
9. Various of traffic
FILE: Daegu, South Korea - Feb 22, 2020 (CCTV - No access Chinese mainland)
10. Various of national flags of South Korea
FILE: Sydney, Australia - Nov 22, 2019 (CGTN - No access Chinese mainland)
11. National flag of Australia
12. Coat of arms of Australia
FILE: Australia - Date Unknown (CGTN - No access Chinese mainland)
13. Cityscape
FILE: Sydney, Australia - Date Unknown (CCTV - No access Chinese mainland)
14. Various of view around Sydney Opera House
FILE: Canberra, Australia - March 20, 2024 (CCTV - No access Chinese mainland)
15. Various of street view
U.S. President Donald Trump's sweeping tariff policy sent shockwaves through Asia-Pacific stock markets on Thursday, with most markets down as investors brace for a full-blown trade war.
Trump on Wednesday signed an executive order on the so-called "reciprocal tariffs," imposing a 10-percent "minimum baseline tariff" and higher rates on certain trading partners.
The sweeping move triggered concerns among investors worldwide, leading to sharp declines in global stock markets.
The Nikkei 225 stock index closed down 989.94 points, or 2.77 percent on Thursday.
Japan's Chief Cabinet Secretary Yoshimasa Hayashi on Thursday expressed "serious concern" about the U.S. decision to impose reciprocal tariffs, questioning its compliance with World Trade Organization rules and a bilateral trade agreement.
At a press conference, he said that Japan has strongly urged the U.S. to retract its decision to slap a 24 percent levy on Japanese products as part of the reciprocal tariffs.
The U.S. administration's tariff plan could have a "big negative impact" on the global economy and the multilateral trade system, Hayashi said.
The Korea Composite Stock Price Index closed at 2,486.70 points, down 19.16 points, or 0.76 percent.
South Korean Prime Minister Han Duck-soo, who is serving as acting president, said Thursday that the government will use all available measures to tackle the new U.S. tariffs.
In light of the 25-percent tariff South Korea is facing, the acting president has directed the industry minister to thoroughly assess the details and impact of the U.S. tariff imposition and to engage in negotiations with the U.S. to minimize the damage.
Han ordered that supporting measures for industries and companies affected by the U.S. tariffs, such as the automotive sector, should be supported as much as possible at the pan-governmental level.
Australia's S and P/ASX 200 index closed down 0.94 percent at 7,859.70 points.
Responding to the new tariffs earlier on Thursday, Australian Prime Minister Anthony Albanese said in Melbourne that they were "unwarranted" and had "no basis in logic."
He announced that the government would provide 1 billion Australian dollars (about 629.4 million U.S. dollars) in zero-interest loans to help businesses impacted by the tariffs capitalize on new export opportunities, strengthen anti-dumping laws to protect local aluminum and steel manufacturers and establish a strategic reserve of minerals.
ID : 8422556
Published : 2025-04-04 02:46
Last Modified : 2025-04-04 18:54:18
Source : China Central Television (CCTV),China Global Television Network (CGTN)
Restrictions : No access Chinese mainland
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