#USTariffs

BANGKOK (AP) — Shares opened lower Tuesday in Asia after U.S. stocks fell sharply just ahead of a new round of higher tariffs imposed by U.S. President Donald Trump.

Tariffs of 25% on Canada and Mexico were due to take effect early Tuesday. An extra 10% tariff is being imposed on China. On Monday, Beijing hinted via state media reports that it was planning retaliation that might at least partly focus on U.S. farm products and food exports. China is a major importer of U.S. soybeans and other agricultural products.

Tokyo’s Nikkei 225 dropped 1.9% to 37,084.83, while the Hang Seng in Hong Kong lost 1.6% to 22,666.68. The Shanghai Composite index edged 0.2% to 3,310.35.

In South Korea, the Kospi edged less than 0.1% higher, to 2,533.77. Taiwan’s Taiex shed 0.9%, while shares in most of Southeast Asia also fell.

On Monday, the S&P 500 dropped 1.8% to 5,849.72 after Trump said there was “no room left” for negotiations that could lower the tariffs set to begin Tuesday for imports from Canada and Mexico. Trump had already delayed the tariffs once before to allow more time for talks.