Global markets crash as Trump tariff blitz sparks panic and retaliation

Asian stock markets plummeted on Monday due to global financial turmoil sparked by US President Donald Trump’s tariffs and China’s retaliatory measures, with Tokyo’s Nikkei 225 falling 7.1% and Taiwan’s benchmark index dropping nearly 10%. The market meltdown followed Wall Street’s worst performance since the Covid-19 pandemic, erasing trillions in market value and prompting fears of a prolonged economic disruption. Despite the chaos, Trump remained unapologetic and insisted on negotiating deals, while analysts estimated over $9 trillion wiped off global stock markets in just two days, drawing comparisons to the 2008 financial crisis.

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