Asia-Pacific markets slide after Trump's tariff announcement rocks sentiment

CNBC

Summary

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Equity markets suffered a bloodbath Thursday after Donald Trump delivered a "haymaker" blow with sweeping tariffs against US partners and rivals, fanning a global trade war that many fear will spark recessions and ramp up inflation.
International Business Times AU
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In his “Liberation Day” tariff blitz, 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.
The Washington Post
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The aggressive move stoked fears of a prolonged trade war, with investors bracing for potential economic downturns and rising inflation.
Asianet Newsable
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Wall St futures are down around 3%, as is the Nikkei, while European stock futures are off around 1.7%.
Reuters

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