Trump begins with flurry of executive orders and threat of tariffs

The new US president issues orders for the US to leave the World Health Organisation and Paris climate agreement, with digital app TikTok emerging as one potential leverage point between the US and China over tariffs.
January 21, 2025

Markets in Asia Pacific Apac breathed a sigh of relief on Tuesday, January 21, as newly inaugurated US president Donald Trump appears to be looking for deals when it comes to tariffs.

The Australian Securities Exchange ASX finished at its highest level in six weeks despite a sharp dip in trading at one stage. On January 21, the SPASX 200 Index closed up 0.6% to 8397.8, while Hong Kong's Hang Seng Index finished up 0.91% at 20,106. 

Without making specific announcements on tariffs, Trump made quick moves following the inauguration, signing executive presidential orders to remove the US from the World Health Organisation WHO...

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