Japan's Nikkei 225 plunged 2.9 per cent, South Korea's Kospi declined 2.56 per cent and Hong Kong's Hang Seng declined 0.9 per cent. The Chinese indices fell up to 1.4 per cent. India, in comparison,

Asia shares are mostly declining as worries grow about President Donald Trump imposing tariffs on key U.S. trading partners

Investors are bracing for a potential trade war that could hit the earnings of major companies and dent global growth. Canada and Mexico have said that they will hit back with retaliatory tariffs while China promised to respond with "corresponding countermeasures" and vowed to challenge Trump's move at the World Trade Organization.

China has reiterated its threat to take “necessary countermeasures” following Trump’s decision to impose 10 percent tariffs on China for allegedly doing too little to stem the production of precursor chemicals for fentanyl.

Asia-Pacific markets traded in red on Monday amid fears of a global trade war following U.S. tariff measures, triggering a selloff in risk assets. President Donald Trump imposed a 25% tariff on Canadian and Mexican imports and a 10% tariff on Chinese goods,

A hiss and puff of compressed air shapes the smooth leather, bringing to life an all-American cowboy boot in a factory on China's eastern coast. Then comes another one as the assembly line continues,