Asian stocks see their worst drop in decades after Trump tariffs
www.bbc.com
Asian markets from Tokyo to Sydney plunged amid increasing fears of a global economic downturn.

As a region that manufactures so many of the goods sold globally, Asian countries and territories are being hit directly by the tariffs.

They are also particularly sensitive to the impact of fears that a global trade war could trigger a slowdown or even a recession in the world’s biggest economy.

Japan’s Nikkei 225 benchmark index closed down by 7.8% and ASX 200 in Australia lost 4.2%.

In afternoon trading, the Kospi in South Korea was 4.7% lower.

  • puppinstuff@lemmy.caEnglish
    141·
    7 days ago

    He’s tried this here in Canada for months and he’s backed down literally every announcement. It’s whiplash but past behaviour tells me this won’t stick, either.

    • misteryscience@lemm.eeEnglish
      9·
      6 days ago

      I think he’s serious this time. He hasn’t made any of the usual wishy-washy statements yet. What has come out of him so far sounds as if he’s not afraid of the consequences anymore.

        • misteryscience@lemm.eeEnglish
          1·
          4 days ago

          God damn, I was getting serious anxiety over this shit. Wondering when someone would get that Ron Vara guy out of his head.

      • Paragone@lemmy.worldEnglish
        7·
        6 days ago

        He’s worked himself into a corner, & he HAS to have the spine to carry-through his economic-mass-shooting, now.

        it takes 3y, btw, to get to the true-rock-bottom of a Great Depression,

        so that should be in 2028, just in time for him to invoke “emergency measures” & remove the Constitution, so he can’t be removed as dictator, anymore…

        Psychological-reconfiguration takes time … & that is significant, both in the changes that got him here, & also in the changes from here to where much of the West is butchered

        ( he wants to destroy the EU in a pincer between Putin & continental-Trump: that is why he requires both Canada & Greenland’s annexation.

        Also, once he’s got Greenland, he can confiscate all trade to Canada, & break Canada quicker.

        This is “being taken to the secondary-crime-scene” territory we’re in, & politicians are not understanding this.

        IF Canada still stands, when Trump falls, in 2031-ish, THEN I expect the total death-toll in the North American War to have been … possibly 300,000,000?

        That’s early-next-decade, though. )

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