Japan and Hong Kong stocks tumble after US tariffs announcement
Japan's Nikkei index tumbled more than two percent on Tuesday and Hong Kong's Hang Seng was down 1.5 percent after U.S. President Donald Trump imposed fresh tariffs on China and signaled Mexico and Canada could not avert levies.
The White House said Trump signed an order raising tariffs on China to 20 percent, shortly after the US leader seemed to rule out any change to the planned 25 percent tariffs against Mexico and Canada.
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