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The Independent UK
The Independent UK
World
Maroosha Muzaffar

INSANE: Asian stocks plunge over trump tariffs | Vintage Vibes

Donald Trump European Union United States Mexico Canada China WTO
Pedestrians walk past a board showing the Nikkei 225 index on the Tokyo Stock Exchange on 3 February 2025 - (AFP via Getty)

Asian stock markets tumbled on Monday after the Donald Trump administration imposed tariffs on Mexico, Canada and China, fueling fears of a global trade war.

Share markets in Taiwan, Japan, South Korea and Australia saw sharp declines while European markets reacted negatively as well. The American dollar surged against multiple currencies as Mr Trump hinted at future tariffs on the EU.

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