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Evening Standard
Evening Standard
Business
Anna Wise

Asian stock markets plunge as Trump defends tariffs

Asia Donald Trump United States
Stock markets plunged overnight in Asia and investors are braced for further sharp falls in New York (Niall Carson/PA) - (PA Wire)

Stock markets plunged overnight in Asia and investors are braced for further sharp falls in New York as the fallout from US President Donald Trump’s tariff announcement enters its second week.

Asian stocks across the board were sinking to new lows after Mr Trump said he will not back down on his sweeping import taxes unless countries even out their trade with the US.

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