Asian sharemarkets tumble in response to Trump tariffs

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Asian sharemarkets tumble in response to Trump tariffs - short news

European futures also down more than 3% after Trump indicates tariffs will ‘definitely happen’ in EU countries

Trump tariffs spark retaliation from Mexico, China and Canada

Asian sharemarkets tumbled in early trade on Monday after the Trump administration’s imposition of tariffs on Mexico, Canada and China sparked fears of an escalating global trade war.

Taiwan’s Taiex fell 4.4% at the open, led by a more than 6% plunge in semiconductor heavyweight TSMC. Japan’s..

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source: The Guardian - 03.02.2025