TOKYO -- Asian stock markets trimmed earlier gains in afternoon trade on Tuesday, as investors grew increasingly concerned over the possibility of a renewed U.S.-China trade war.
Tariffs of 10% on Chinese imports imposed by U.S. President Donald Trump took effect at 2:01 p.m. Japan time. Trump said Asia's largest economy has not done enough to rebalance trade with the U.S. and to fight trafficking of illicit drugs.
