April 30, 2025 10:41 pm
Full News

Stock Market Decline in Asia Due to Trump’s Tariff Imposition

On Monday, U.S. President Donald Trump issued an executive order imposing tariffs on Canada, Mexico, and China. Fears that he might impose tariffs on other countries as well led to a significant decline in Asian stock markets today, Monday (February 3).

In the morning, Japan’s Nikkei 225 index dropped by 2.4%. South Korea’s KOSPI fell by 2.9%, while Hong Kong’s Hang Seng index declined by 1.4%. Additionally, the Shanghai Composite index also saw a decrease in stock prices.

Experts suggest that Trump’s tariff imposition has raised concerns about a potential trade war and instability in global commerce, which is causing a downturn in Asian markets.

Market analyst Yeap Jun Rong from IG, a financial services company, stated, “Trade restrictions may reduce global commercial activity and disrupt supply chains. This would increase business costs and lead to higher inflation.”

On Sunday, Trump announced a 25% tariff on nearly all goods from Mexico and Canada and a 10% tariff on Chinese products, effective from Tuesday.

Trump claimed that the tariffs were imposed to curb the smuggling of fentanyl, a synthetic drug, and to prevent illegal immigration from these three countries. However, the U.S. administration has not clarified how much the drug smuggling must decrease or how much illegal immigration must be reduced for the tariffs to be lifted.

Related News
Pope Francis Laid to Rest After All Formalities Completed
Israel Seizes Land in Golan Heights Following Assad’s Fall
Keira Knightley Returns in Netflix Thriller
Myanmar Junta and Opposition Agree to Extend Ceasefire Amid Earthquake Recovery Efforts
Sheikh Hasina announces and roars back , London rally on December 8 , demanding resignation of illegal Government
Netanyahu Reports Progress in Gaza Hostage Negotiations Amid Ongoing Conflict
Related Posts
“Nothing Can Stop Me” — Trump Roars on His 100th Day in Office
Chinmoy Das’s Bail Suspension Order Withdrawn, Hearing Set for May 4
Tensions with Pakistan: Modi Cancels Visit to Russia
Trump Says Becoming Pope Is His Number One Choice
Chinmoy Das’s Bail Suspended by Chamber Judge Court
Formal Complaints Filed Against Dr. Muhammad Yunus at ICC, United Nations, and Interpol
More News

Syria’s New Authorities Face Violent Challenge as Assad Loyalists Kill 14

Syria’s new rebel-led government reports that loyalists of ousted President Bashar al-Assad killed 14 interior ministry troops in an “ambush” near the Mediterranean port city of Tartous. This region is a stronghold for Assad’s minority Alawite Muslim sect. Additionally, 10 other troops were reportedly injured during the Tuesday clashes.This confrontation marks the first direct challenge […]

Trump to Send 1,500 Troops, Planes, Helicopters to Border

More than 1,500 troops, planes and helicopters are being sent to the southern U.S.-Mexico border. Donald Trump’s administration has taken this step as part of the process of deporting illegal immigrants to their home country. Meanwhile, President Trump has declared a state of emergency on the southern border. According to a senior US military official, […]

Lamine ‘Messi’ Yamal

“Lamine will win a couple of Ballon d’Or,” Raphinha told Spanish content creator Adri Contreras a few days ago. At least three. ’ Yamal showed the future as if the club teammate’s face was in the mouth. Barcelona beat Real Betis 5-1 in the quarter-finals of the Copa del Rey last night. Five different players […]

Rise of Chinese AI Start-Up DeepSeek Challenges Japan’s Energy Projections

TOKYO, Jan 31 (Reuters) – Just weeks after Japan unveiled a landmark energy plan anticipating a surge in artificial intelligence (AI) demand, the unexpected rise of Chinese start-up DeepSeek has prompted a reevaluation of future power needs. In 2024, Tokyo shifted its long-held forecasts, projecting electricity generation to rise between 10% and 20% by 2040, […]

Membership of 37 Journalists Suspended by Bangladesh National Press Club

Bangladesh National Press Club has suspended the membership of 37 journalists, including several senior figures in the profession. The announcement was made on Sunday, November 17, through a notice signed by the club’s President, Hasan Hafiz, and General Secretary, Ayub Bhuiyan. According to the notice, the memberships were suspended for allegedly inciting violence during the […]

What Is Salah’s Last Wish Before Leaving Liverpool?

There has been a lot of talk about not renewing Mohamed Salah’s contract with Liverpool for some time now. It was thought that Salah might renew his contract this January. But even as the month is coming to an end, there has been no indication so far. As a result, the fear of losing Salah, […]

Guy Pearce Explains Why He Didn’t Work with Christopher Nolan After Memento

Actor Guy Pearce recently revealed that he didn’t collaborate with director Christopher Nolan after their groundbreaking film Memento due to a difference of opinion with Warner Bros. executives over his acting style. In an interview, Pearce explained that the studio executives at the time “didn’t get” his approach to the role, which led to a […]

Former DMP Commissioner detained at the airport

Retired Additional IGP of Police and former DMP Commissioner Khandaker Ghulam Farooq was detained at the airport. It is said that he was going to Bangkok, the capital of Thailand. After going to the exit immigration counter of the airport, he was interrogated by the immigration officer. After that he was not allowed to board […]

Former President Trump Accuses Biden Administration of Pushing Toward Martial Law and Global Conflict

In a recent statement, former President Donald Trump accused the Biden-Harris administration of attempting to invoke martial law and prevent a peaceful transfer of power by escalating tensions toward a potential World War III. Trump claimed the administration’s actions are fueling global instability, particularly pointing to Iran’s alleged plans to target Israel as evidence of […]

Pennsylvania County Extends Voting Hours Due to Ballot Scanning Issue

A judge in Pennsylvania has granted an extension to voting hours in Cambria County, allowing polls to remain open until 10 p.m. ET after a “software malfunction” disrupted the scanning of ballots. Election officials reassured voters that everyone wishing to cast a ballot will be accommodated, and all votes will be counted. Republican National Committee […]