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International Business Times

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Asian Markets Swing As Trump Revives Tariff Fears On Taking Office

Donald Trump Asia Canada Mexico China United States

Donald Trump sent shivers through markets as he warned he could hit Canada and Mexico with hefty tariffs as soon as next month (Credit: AFP)

Asian markets saw big fluctuations Tuesday as Donald Trump took office warning he could impose stiff tariffs on Canada and Mexico next month but appeared to delay any action against China for now.

The new US president's announcement that the country's closest neighbours could be hit with 25 percent levies as soon as February 1 also jolted currency markets, with the Mexican peso and Canadian dollar tumbling.

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