Asian shares deepen losses, with Tokyo's Nikkei down 5%, as latest US tariffs take effect

Asian shares deepen losses, with Tokyo's Nikkei down 5%, as latest US tariffs take effect https://www.taxtmi.com/news?id=40269 The United States implemented broad additional import tariffs effective at 12:01 a.m., including a 104% tariff on imports from China, with the administration stating it will not grant exemptions. The USTR reported outreach from roughly fifty countries and invited negotiations to achieve reciprocity. China warned of countermeasures, framing the measures as subject to retaliatory responses. The tariff imposition is presented as a tool to narrow trade deficits, with attendant effects on market volatility and consumer prices. en-us Wed, 09 Apr 2025 11:16:02 +0530 Wed, 09 Apr 2025 11:16:03 +0530 TaxTMI RSS Generator Asian shares deepen losses, with Tokyo's Nikkei down 5%, as latest US tariffs take effect https://www.taxtmi.com/news?id=40269 The United States implemented broad additional import tariffs effective at 12:01 a.m., including a 104% tariff on imports from China, with the administration stating it will not grant exemptions. The USTR reported outreach from roughly fifty countries and invited negotiations to achieve reciprocity. China warned of countermeasures, framing the measures as subject to retaliatory responses. The tariff imposition is presented as a tool to narrow trade deficits, with attendant effects on market volatility and consumer prices. News - Wed, 09 Apr 2025 11:16:02 +0530 https://www.taxtmi.com/news?id=40269