Asian Stocks Drop Following Trump's Massive Tariff Threats

Donald Trump threatened to put massive tariffs on Colombia in retribution for its refusal to accept deportation planes from the United States, which caused Asian markets to generally fall on Monday due to new trade concerns.

Amidst concerns that a recent boom in the field would be questioned and assertions that a new, less expensive Chinese generative AI programme can surpass well-known competitors, traders were also evaluating the programs effects.

Since Trump 2.0 refrained from enacting harsh tariffs on China and other allies as soon as he took office, despite his declarations to the contrary, stocks saw a strong surge last week on the expectation that he would adopt a more lenient stance towards international trade.

His remarks that he would rather not strike Beijing, together with an indication that he was amenable to a trade agreement, contributed to the upbeat atmosphere.

But on Sunday, he announced that he would revoke government officials visas and impose a 25 levy on Colombian imports, which would increase to 50 the following week.