Stock markets in Asia made modest gains on Tuesday after President Donald Trump said he is thinking of imposing new tariffs on Mexico, Canada and China.
According to the BBC, shares were flat to a little higher after Trump pledged in his inaugural address to bring in a “golden age” for America and stopped short of announcing fresh import taxes on his first day in office.
Shares in Europe were little changed.
He has promised an ambitious agenda – including trade reforms, lower taxes and cuts to government regulations – which has the potential to boost company profits.
But some economists have warned that the measures may also raise inflation, which in turn could force the Federal Reserve to increase interest rates.
English (US) ·