Asian Shares Plummet Amid U.S.-China Tariff Crisis

Asian markets experienced significant declines, with Japan's Nikkei 225 dropping nearly 8% and Australia's S&P/ASX 200 falling over 6% in response to a major sell-off on Wall Street linked to President Trump's escalating tariffs and China's retaliation. The S&P 500 and Dow Jones also plummeted, with losses of 6% and 5.5% respectively, as investor confidence waned amid fears of a global trade war that could lead to recession. China's government condemned U.S. tariffs as 'economic bullying' and announced plans to impose reciprocal tariffs on U.S. goods. Oil prices further declined, hitting their lowest since 2021, while basic commodities like copper also dropped due to concerns over economic growth. Analysts warn that continued tariff disputes could exacerbate market volatility, suggesting a potential recession if the situation persists. The unfolding trade conflict between the U.S. and China remains a central issue for investors worldwide, as both countries are the largest economies.