On April 2, 2025, President Donald Trump announced a series of tariffs targeting several ASEAN nations, significantly raising import duties on key regional trade partners.

Stock markets across Asia fell on Thursday after US president Donald Trump announced sweeping new tariffs on imports, raising concerns about a potential global trade war and the economic fallout that could follow.

Bangkok – Asian markets and U.S. futures tumbled Thursday following U.S. President Donald Trump’s announcement of big increases in tariffs on imports of goods from around the world. Tokyo’s Nikkei 225 index dipped more than 3.4%, but recovered slightly. It was down 2.9% at 34,699.52.

Markets plummet across Asia as Trump sparks fears of global trade war - Donald Trump has announced reciprocal tariffs on dozens of countries

U.S. President Donald Trump has been calling April 2nd 'Liberation Day' for weeks. It's the day he'll be unveiling an array of new tariffs that could upend the global trade system.

On this episode, The Washington Post's Libby Casey, Rhonda Colvin and James Hohmann are joined by White House economic reporter Jeff Stein to discuss President Trump's proposed sweeping tariffs – and the day he and his team have referred to as "Liberation Day.

White House trade adviser Peter Navarro has suggested that the new tariffs would raise $600 billion annually, which would be the largest tax increase since World War II. Treasury