Trump, tariff and Asian markets
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Gulf equities ended mixed on Sunday, with stocks drifting in a tight range during a quiet trading session as investors sought clarity after U.S. President Donald Trump escalated his global trade war.
Markets previously brushed off tariff risks under the assumption that President Donald Trump would follow his earlier pattern and eventually retreat. That allowed stocks to reach new record-high territory,
Tax incentives contained in the sweeping tax and budget bill Trump signed on July 4 could provide a fresh boost to AI chipmakers.
US stocks fell on Friday after President Donald Trump threatened a 35% tariff on Canada — a sharp escalation in an ongoing trade war.
Tesla shares sank Monday after CEO Elon Musk announced he would form a new political party in an escalation of his feud with President Donald Trump.
A new executive order further lowers government support for renewable power. Stocks including First Solar and Enphase Energy dropped on Tuesday.
French cheese and wine producers are concerned about U.S. President Donald Trump's proposed 30% tariffs on EU imports, which could harm France's agriculture industry. French dairy and food exports, especially to the U.