<ul data-eligibleForWebStory="false"><li>Asia-Pacific markets were mixed after U.S. President Donald Trump announced 35% tariffs on Canada starting Aug. 1 and plans for blanket tariffs on most trade partners.</li><li>Japan's Nikkei 225 retreated by 0.2%, while Hong Kong's Hang Seng gained 0.5%.</li><li>Australia-listed mining firms rose as investors assessed the impact of the U.S.' 50% tariff on copper imports, with Rio Tinto up 2.28%, Fortescue up 2.85%, and BHP Group up 2.77%.</li><li>Other market movements included gains in Shanghai and Singapore, a drop in Korea, a jump in Taiwan, and drops in New Zealand and Australia.</li></ul>

Asia Mixed After Canada Hit with Heavy Tariffs

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