Asian stocks sink after Trump threatens more China tariffs
BEIJING (AP) — Asian stocks sank Wednesday after President Donald Trump threatened more tariff hikes on Chinese imports if talks aimed at ending a trade war fail to produce an interim agreement.
Market benchmarks in Shanghai, Tokyo, Hong Kong and Southeast Asia all declined.
Trump said Tuesday agreement on the “Phase 1” deal announced last month “could happen soon.” But he warned he was ready to raise tariffs “very substantially” if that fails.