The high-flying tech sector was pummelled as manufacturing hubs in China and Taiwan faced new tariffs above 30%, bringing the total new levy to an eye-watering 54% on imports from China

Asian shares slid further Friday after U.S. President Donald Trump’s tariffs sent shudders through Wall Street at a level of shock unseen since the COVID-19 pandemic pummeled world markets in 2020. Everything from crude oil to Big Tech stocks to the value of the U.

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.

Financial markets around the world are reeling following President Donald Trump’s latest and most severe volley of tariffs, and the U.S. stock market may be taking the worst of it. The S&P 500 was down 3.

Financial markets around the world have broadly been shaky lately because of uncertainty about Trump’s trade war.

Wall Street followed global markets sharply lower Thursday after U.S. President Donald Trump announced tariffs on imports of goods from around the world. The double-digit tariff hikes rippled through world markets and economists are warning that the risk of recession is climbing.

World leaders are reacting with dismay, threats of countermeasures and calls for swift negotiations to make trade rules fairer in response to the sweeping new tariffs announced by U.S. President Donald Trump.

Countries in the export-driven region of Southeast Asia have been hit with particularly high tariffs in the global round of levies announced by U.S. President Donald Trump. Six of the 10 Southeast Asian countries listed had tariff levels of between 32% to 49%.

Asian markets and U.S. futures have tumbled following U.S. President Donald Trump's announcement of big increases in tariffs on imports of goods from around the world. The double-digit tariff hikes