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Market Focus Daily: Monday, June 9, 2025

Market Focus Daily: Monday, June 9, 2025

Business Times2 days ago

Asian markets rally ahead of latest China-US trade talks; Japan confirms GDP contraction, backing Bank of Japan's cautious stance; CapitaLand Investment expands fund with Japan asset acquisition at 30 billion yen.
Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day's market movements and news from Singapore and the region.
Written and hosted by: Emily Liu (emilyliu@sph.com.sg)
Produced and edited by: Chai Pei Chieh & Claressa Monteiro
Produced by: BT Podcasts, The Business Times, SPH Media
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Commerce Secretary Lutnick says US tariff levels on China won't change after deal
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US Secretary of Commerce Howard Lutnick says China has agreed to examine how it can do more business with the US. PHOTO: REUTERS Commerce Secretary Lutnick says US tariff levels on China won't change after deal WASHINGTON - US Commerce Secretary Howard Lutnick said on June 11 that the 55 per cent tariffs imposed by the United States on China will not change after a trade deal was struck between the two countries. A US-China trade deal is 'done,' US President Donald Trump said earlier in the day, hours after negotiators from Washington and Beijing agreed on a framework to get a fragile trade truce back on track. 'You can definitely say that,' Mr Lutnick told CNBC in an interview, when asked whether the tariff levels on China would not change. The trade deal, which needs to signed by both Mr Trump and Chinese President Xi Jinping, would remove Chinese export restrictions on rare earth minerals and other critical industrial components. Mr Lutnick also said China has agreed to examine how it can do more business with the US. He said that trade deals with other countries can be expected starting next week. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.

Germany welcomes China-US export deal, hopes for similar progress in EU-US talks
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Trump, Xi hail US-China trade deal as markets climb on easing tensions
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