Asian stocks rise on trade deal hopes, Tokyo hit by tariff warning

Asian stocks rise on trade deal hopes, Tokyo hit by tariff warning

Asian stocks rose Tuesday amid optimism countries will strike US trade deals, though Tokyo’s Nikkei sank after Donald Trump threatened to impose a fresh tariff rate on Japan as he hit out at the country over rice and autos. However, Tokyo, which has enjoyed a strong run in recent weeks, sank one percent after Trump threatened to impose a fresh levy on Japan over a row about the country accepting US rice exports.

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