Asian markets plunge as Trump's new trade war shakes global confidence
- Asian markets fell sharply on Monday after Donald Trump announced tariffs on Canada, Mexico, and China, raising concerns about a new trade war that could impact global growth.
- Japan's Nikkei dropped more than two percent, while Hong Kong's Hang Seng and South Korea's KOSPI also experienced significant declines.
- Trump's tariffs include a 25% duty on imports from Mexico and most goods from Canada, and a 10% tariff on Chinese goods, set to take effect on Tuesday.
- Canada and Mexico have responded with retaliatory tariffs, and China plans to challenge the tariffs at the World Trade Organization.
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Total News Sources0
Leaning Left1Leaning Right1Center8Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
C 80%
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