#TrumpTariffs

American President Donald Trump intensified his trade war on Monday by declaring to 14 countries, major suppliers like Japan and South Korea to minor trading players, that they will now face significantly higher tariffs starting from the new deadline of August 1.

The imposition of a 25% tax on American importers of all goods has shaken Wall Street, the S&P 500 index (.SPX), opens a new tab. However, Asian markets reacted calmly to the news.