Chinese state media warned the Trump administration against striking deals that sideline China, after the president announced that Asian countries would face higher tariffs starting on Aug. 1.

By Rae Wee SINGAPORE (Reuters) -Asian stocks rose slightly on Thursday, riding on optimism from Nvidia's brief rise to a world-record $4 trillion valuation and as investors largely shrugged off U.S. President Donald Trump's latest tariff salvos.

The new tariff rates threatened in the letters Trump shared Wednesday are similar to those he announced on what the White House dubbed “Liberation Day” in early April.

Global markets shrugged off news of Trump's latest tariffs, with both Asia-Pacific and Europe stocks staging a muted response Tuesday.

The Indian rupee is poised to open weaker on Wednesday, pressured by a renewed tariff barrage from U.S. President Donald Trump that widened the scope of his trade offensive. The 1-month non-deliverable forward indicated an open in the 85.

Many countries thought they were negotiating in good faith. The White House renewed its “reciprocal” tariff plan anyway, giving countries until Aug. 1 to make offers.

The letters listed a range of tariffs. Goods entering the U.S. from Japan, South Korea, Malaysia, Kazakhstan, and Tunisia will be subject to a 25 percent levy. There will be a 30 percent levy on South African and Bosnian goods, while imports from Indonesia will be subject to a 32 percent rate.

Southeast Asia's biggest economies prepared on Tuesday to step up trade negotiations with Washington after it hit them with steep tariffs, despite a last-ditch flurry of offers to boost imports and slash levies on U.