Asian shares are mostly higher after stocks fell on Wall Street as the Trump administration stepped up pressure on trading partners to make deals before punishing tariffs imposed by the U.S. take effe

The S&P 500 retreated 0.8% from its all-time high, and bond yields ticked higher. The Dow industrials fell 0.9%.

Wall Street is pointing to a lower open as the Trump administration steps up pressure on trading partners to quickly make deals before a Wednesday deadline

President Trump reignited his global trade war Monday, renewing his threat to hit partners with punishing tariffs even as he announced a three-week extension to negotiate deals. White House Press Secretary Karoline Leavitt said Trump would sign an executive order extending the date when his so-called reciprocal tariffs would take effect,

For many countries, the reprieve from President Donald Trump’s eye-watering tariffs, which were implemented on April 2 and temporarily reduced to 10% a week later, is now set to come to an end on August 1.