U.S. President Donald Trump slapped punitive tariff rates on 14 trading partners on Monday — but global markets are so far shrugging off the new policies. The president announced on Monday that he had sent letters to the leaders of Japan, South Korea, Malaysia, Kazakhstan, South Africa, Laos, Myanmar, Bosnia and Herzegovina, Tunisia, Indonesia, Bangladesh, Serbia, Cambodia and Thailand. Each letter laid out new tariff rates on goods sent from the individual country to the United States. The new rates, ranging from 25% to 40%, will come into effect on Aug. 1. Asia-Pacific markets — several of which are set to be ... (full story)