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International Business Times

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Asian Equity Markets Drop After Trump Reignites Tariff Row

Donald Trump Asia Xi Jinping United States China Beijing

US President Donald Trump (R) relit his trade war with China by threatening fresh tariffs and suggested a planned meeting with Chinese counterpart Xi Jinping might not go ahead (Credit: AFP)

Asian markets sank Monday after US President Donald Trump reignited his trade war with China by threatening last week to impose 100 percent tariffs on goods from the country.

However, the losses were tempered slightly by a more conciliatory tone on Sunday when Trump described Chinese counterpart Xi Jinping as "respected".

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