Asian markets plunge as China announces high tariffs on U.S. goods, global trade war escalates.

From Nasdaq: 2025-04-06 23:23:00

Asian stock markets are plummeting on Monday due to concerns about a global trade war. China announced a 34 percent tariff on all imported goods from the U.S. starting April 10, matching Trump’s planned reciprocal tariff. Trump called China’s move a panic response and criticized it on Truth Social. Australian stocks are sharply lower, with the S&P/ASX 200 Index down almost 4 percent. In Japan, the Nikkei 225 Index is tumbling more than 6 percent. Major exporters like SoftBank and Fast Retailing are also declining. The global market downturn has led to substantial losses on Wall Street as well.



Read more at Nasdaq: Asian Markets A Blood Bath Amid Global Trade War