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International Business Times
International Business Times
Business

Asian Stocks Dive, Dollar Rallies As Year Of The Snake Starts With Bite

Donald Trump Asia Canada European Union Mexico China
The dollar has surged against its peers after Donald Trump signed off on the hefty tariffs (Credit: AFP)

Asian stocks tanked and the dollar surged Monday after Donald Trump signed off huge tariffs on China, Canada and Mexico, and warned the European Union would be hit "pretty soon".

Less than two weeks after moving back into the White House the US president on Saturday made good on warnings that he would resume his hardball tactics, sparked fears of trade wars that could hammer the global economy.

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