The drop comes ahead of a planned 25% tariff on all Japanese imports starting Aug. 1, following earlier auto-specific levies imposed in April.

Oil prices were steady on Thursday as investors weighed the potential impact of U.S. President Donald Trump's tariffs on global economic growth, while a weaker dollar and signs of strong U.S. gasoline demand underpinned prices.

"America will, once again, build a DOMINANT Copper Industry," Trump said in a post on his Truth Social media platform.

The Japanese government announced Tuesday it plans to negotiate with the Trump administration over a planned increase in the tariff rate placed on it, even if it was painful news to receive.

By Rae Wee SINGAPORE (Reuters) -Asian stocks rose slightly on Thursday, riding on optimism from Nvidia's brief rise to a world-record $4 trillion valuation and as investors largely shrugged off U.S. President Donald Trump's latest tariff salvos.

President Donald Trump ’s latest executive order delaying official tariff increases on dozens of countries until Aug. 1 has relieved some pressure on world markets, but he also ordered a 25% tax on goods imported from Japan and South Korea,

The White House announced Monday that President Donald Trump is slated to sign an order delaying his 90-day tariff pause by another month, as the president began announcing a suite of new tariff rates on foreign goods,

The president has already threatened an additional 10% tariff on goods from countries aligning themselves with a bloc of nations that includes China and Russia.