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The Associated Press

The Latest: Asia shares sink as US tariffs take effect

Donald Trump United States Asia China Nasdaq

APTOPIX Trump Tariffs - (Copyright 2025 The Associated Press. All rights reserved)

Asian shares sank again on Wednesday as the latest set of U.S. tariffs, including a 104% levy on Chinese imports, went into effect.

The sharply higher tariffs kicked in after midnight Eastern time in the U.S., even as investors have no idea what to make of President Donald Trump’s trade war.

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