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Weekend News Roundup – Newsquawk Asia-Pac Market Open

News Snapshot:

US stocks ultimately closed mostly in the green on Friday with upside ensuing after the SCOTUS struck down Trump's IEEPA tariffs, although Trump responded by implementing a global 10% tariff rate under Section 122 (which can legally be in place for a maximum of 150 days), while Section 232 and 301 tariffs will remain as they are, and the US will also conduct Section 301 probes on nations over the span of five months (150 days). Once the probes are complete, the US will enforce a "fair" 301 tariff rate. Overall, it seems the measures taken by Trump will offset…

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