Stocks in Asia tumbled on Monday as investors prepared for potential market turmoil due to expected tariffs from President Trump on America’s major trading partners. Japan’s Nikkei 225 and Taiwan’s Taiex indexes dropped nearly 4 percent, while South Korea’s stocks were down almost 3 percent. Futures on the S&P 500 also slumped, reflecting concerns about inflation and weak consumer sentiment following Mr. Trump’s unpredictable trade policies and threats of tariffs on various countries, adding to the already tense market atmosphere.
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