TOKYO/SHANGHAI/HONG KONG/SINGAPORE -- Asian currencies and stocks whipsawed Tuesday after U.S. President Donald Trump said he could impose tariffs on certain imports.
"We're thinking in terms of 25% on Mexico and Canada... I think we'll do it Feb. 1," Trump said as he signed executive orders. His comments instantly triggered slides in Asian currencies as tariffs would be inflationary for the U.S. economy.
