Beijing pledged to retaliate after Trump said the U.S. would slap another 10% tariff increase on Chinese goods starting next Tuesday, March 4. Trump also said Thursday 25% tariffs on goods from Canada and Mexico will go into effect on Tuesday after a one-month pause.

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.

U.S. stocks tumbled Monday and wiped out even more of their gains since President Donald Trump ’s election in November, after he said that tariffs announced earlier on Canada and Mexico would take effect within hours.

Shares retreated Friday in Europe and Asia, with benchmarks in Japan, Hong Kong and South Korea tumbling more than 2% as U.S. President Donald Trump’s decision to push ahead with 25% tariffs on imports from Mexico and Canada and to double tariffs on Chinese products to 20% left investors reeling.

China will impose additional tariffs of up to 15% on some U.S. goods, its government said, while Canada vowed tariffs of up to 25% after new U.S. tariffs on both countries took effect.

Asian markets tumbled on Tuesday after US President Donald Trump heaped tariffs on Chinese imports and warned levies on Mexico

China is still cautiously trying to figure out what Trump wants. The president has threatened big tariffs in response to the inaction.

Canada has announced that it will impose retaliatory tariffs on the US after Donald Trump confirmed that he would go forward with his planned 25 per cent levies, writes Emily Blumenthal.

Inspired by the laid-back aesthetic of popular Mexican tourist town Tulum, a Tseung Kwan O home was transformed with curved lines, natural materials and clever storage solutions The frenetic Hong Kong lifestyle and the boho beach vibe of Tulum,

Asia-Pacific markets were set to fall Tuesday, tracking Wall Street declines overnight after U.S. President Donald Trump made it clear that tariffs on Mexico and Canada would go into effect as planned.

When it comes to stock markets around the world, this year has clearly not been “America First.” Wall Street has risen in 2025 and isn’t far from its all-time high.