#WQEB973Newz – Stock markets across Asia-Pacific and Europe fell Thursday and US markets were also set to open lower after US President Donald Trump imposed tariffs on trading partners around the world, with many Asian countries taking the biggest hits.
US President Trump’s imposition of tariffs on trading partners has caused stock markets across Asia-Pacific and Europe to fall, with US markets set to open lower as well.
Trump’s broad-based tariffs have raised levies on Chinese imports, the second-largest source of US imports after Mexico, from 20% to 54%. Duties of 24% were slapped on Japan and 25% on South Korea: Both are major US trading partners and allies. Taiwan, a major exporting economy and electronics manufacturer, was hit with a 32% tariff.
The tariffs news sent US stocks plummeting in after-hours trading Wednesday and caused Asian markets to fall shortly after opening, on Thursday.
📝: @cnn
📸: @krooklyn.wqeb973
