U.S. stocks tumbled after higher tariffs on imports from China, Canada and Mexico took effect on Tuesday, but Asian shares and US futures were mostly higher Wednesday after a retreat on Wall Street wiped out all of the S&P 500’s post-U.S. election gains.
Asian markets higher amid uncertainty over US tariffs
U.S. stocks tumbled after higher tariffs on imports from China, Canada and Mexico took effect on Tuesday, but Asian shares and US futures were mostly higher Wednesday after a retreat on Wall Street wiped out all of the S&P 500’s post-U.S. election gains.