Asian stock markets faced significant downturns as investors prepared for possible new tariffs from President Trump on major trading partners. Japan’s Nikkei 225 and Taiwan’s Taiex index experienced declines of nearly 4%, while South Korea's stocks dropped about 3%. The S&P 500 also fell amid inflation concerns. Trump’s unpredictable trade policy, particularly his emphasis on tariffs to deter imports and extract geopolitical concessions, has left investors anxious, as they weigh the implications on markets and consumer prices.
Stocks in Asia tumbled Monday as investors braced for a week of market tumult caused by an expected announcement of more tariffs by President Trump on America's biggest trading partners.
The threats over the weekend add to tariffs of 25 percent on imported cars and some car parts set to be implemented this week, barring any last minute reprieve.
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