Asian stock markets rose on Tuesday morning, following the positive trend of US stocks, which are almost at their highest levels ever. This good news is partly because the US and China are having fewer trade disagreements. The US decided not to put extra taxes on some Chinese products until August 31st. However, China has said that the US has done things that are bad for China. Even with these complaints, the markets have reacted well, with increases in Hong Kong, Shanghai, Tokyo, Australia, and Taiwan. US oil prices also went up to $63.14 per barrel because people are worried about oil and gas supplies due to attacks by Ukraine in Russia. Shares of US steel companies also increased after President Donald Trump announced he would double the tax on imported steel to 50%. But this was not good for car manufacturers and other big users of steel and aluminum. Meanwhile, the interest rates on government bonds went up because people are concerned about the US government's increasing debt.