Breaking News English

The value of stock markets in Asia has by their biggest amount in decades. The market in Shanghai down by nearly 8%, Hong Kong's Hang Seng by 13.22%, Japan's Nikkei index 7.8%, and Taiwan's market closed more than 9.7% down. Markets in Australia also sank. An analyst told the BBC that the markets were a "bloodbath". Stock prices are negatively to the trade tariffs by US President Donald Trump on April the 2nd. He this day "Liberation Day". He said it "will forever remembered as the day American industry was reborn, the day America's destiny was and the day that we to make America wealthy again".

Many countries are about what to do about the tariffs. China's People's Daily newspaper said China could back. It wrote: "After eight years of trade wars with the US, we've up a wealth of experience in this struggle." It that China was strong enough to "US tariff bullying". The country could increase its own tariffs on imports from the USA. Japan's Prime Minister Shigeru Ishiba said he would the US to reduce the 24% tariffs on Japanese goods. He will the US "as soon as possible". He will explain to President Trump that Japan "is not anything unfair". Talking about the tariffs, Trump said: "Sometimes you have to medicine to something."