Brief by Shorts91 Newsdesk / 08:18am on 24 Jul 2026,Friday International
Asian stock markets fell sharply after U.S. President Donald Trump imposed new tariffs of 10% to 12.5% on imports from more than 80 countries, including India, China, Canada, the UK and EU nations. The move, aimed at addressing alleged forced-labour practices, sparked fears of a renewed global trade war. Japan's Nikkei, South Korea's Kospi, Hong Kong's Hang Seng and China's SSE all posted significant losses as investors worried about slowing global growth. Several countries condemned the tariffs, while economists warned of higher trade uncertainty, inflationary pressures and potential legal challenges to the U.S. policy. (PC: EPA)
