Trump Tariffs Once Viewed as Punitive Win Market Approval (1)

Financial markets greeted US President Donald Trump’s tariff deal with Indonesia with little fanfare Wednesday, signaling the rate of around 20% that was once viewed as punitive is now seen as workable.

Stocks and other assets were mixed in Asia after Trump announced a 19% tariff for Indonesian goods. Shares in the Southeast Asian nation ticked higher on optimism the new levy was at least lower than the 32% originally threatened by the president. Vietnam’s shares have risen since Trump in early July said he reached a trade deal with the nation.

The recent calm is a turnaround from earlier ...