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