The Trump administration was looking at the possibility of slapping a 25 percent tariff on $200 billion worth of Chinese imported goods.
Asia markets were set to open slightly lower on Thursday, following an overnight mixed session in the U. S. as renewed trade concerns offset strong gains in tech.
Australia’s SPI futures traded at 6,200, a touch lower than the ASX 200’s last finish at 6,275.7.
Nikkei futures in Chicago traded at 22,705 while Osaka futures were at 22,620. The Japanese benchmark index last closed at 22,746.7.
The Trump administration announced it is looking at the possibility of slapping a 25 percent tariff on $200 billion worth of imported Chinese goods — from the initial 10 percent announced earlier.
«This comes after China said that blackmail will not work on them and that they would retaliate against the U. S. if additional trade measures are imposed,» said Daniel Hynes, from ANZ Research, in a morning note.
