Asian markets, US futures slide as Trump’s new China tariffs go into effect

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Asian shares were again immersed during a trade session on Wednesday after President Donald Trump’s last batch of China’s sanctions came into force, helping to delete limited profits on Tuesday and intensify a tumultuous week for key indices in the world.

The new Trump measures have increased the cumulative rate of Chinese goods rates to 104% – the move met more condemnation in Beijing, where employees warned that China was ready to fight a prolonged trade war if he was forced to do so.

The last tariffs have come into force with key Asian markets that are already open. In Japan, the Nikkei Index dropped more than 5% in response, while the wider Topix index dropped by 4.6%.

In China, the Hong Kong Hang Sen Index dropped by 4.3%. The Shanghai composite index has fewer international investors and is embedded by state investors known as the “national team”-published profits of about 1%.

Photo: Delivery containers can be seen on the container terminal of Port Jersey, such as Manhattan's silhouette in the distance, Jersey City, New Jersey, April 8, 2025. — Delivery containers can be seen on the container terminal of Port Jersey, such as Manhattan’s silhouette in the distance, Jersey City, New Jersey, April 8, 2025.

Charly Triballeau/AFP through Getty Images

The shares in Taiwan fell by more than 5.7%, the STI index in Singapore dropped by 2.4%, the Kospi Index in South Korea lost about 1.9%, Australia SS& P/ASX 200 losses 1%and Nifty 50 in India dropped by 0.6%.

Futures of stock exchanges have indicated prolonged uncertainty, although the White House says possible transactions with up to 70 countries that seek to avoid the impact of Trump’s tariff campaign.

Dow Jones’s futures decreased by 2.4% as of Wednesday morning, with s& P 500 Futures decreased by 2.7%and NASDAQ futures decreased by 2.6%.

The United States shares closed more on Tuesday, marking a large turn of rally that sent s& P 500 and NASDAQ over 4% earlier during the day.

The industrial average of Dow Jones closed 320 points, or 0.8%, while NASDAQ dropped by 2.1%.

S& P 500 fell by 1.5%, placing an edge index of the bear market, a term that shows a 20% drop in previous peak.

Moving more on Tuesday a resuming sale, which extends back to Trump’s tariff message last week. Since then, s& P 500 and NASDAQ have fallen more than 12%.