HONG KONG/TAIPEI/SINGAPORE -- U.S. President Donald Trump's latest trade war salvo shook stock markets across Asia as businesses weighed the potential costs and opportunities resulting from a new American tariff on $300 billion worth of Chinese exports.
As markets tumbled, business across the region were contending with the latest escalation of trade tensions. Set to take effect on Sept. 1, the new 10% U.S. tariff will fall on a range of Chinese-made consumer goods including mobile phones, laptop computers, clothing, shoes and toys.
