Stock markets across Asia fell upon opening Thursday morning after President Donald Trump imposed huge tariffs on all the region’s leading economies, including increasing the blanket levy on Chinese exports to the United States from 20 to 54 percent.
In his “Liberation Day” tariff blitz,Mr.Trump slapped tariffs of 24 and 25 percent on Japan and South Korea respectively — both key security allies in the region, as well as major trading partners — and 32 percent on Taiwan, the manufacturer of the world’s most advanced computer chips.
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