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

Stock market returns under presidential administrations are more correlation than causation, regardless of what political pundits say.

Emkay Global said another round of dollar appreciation looks likely, which would hurt equities and the currency, making the February 2025 rate cut much more difficult.

U.S. stock futures were down ahead of those markets opening Monday. Trump on Saturday announced the 25% tariffs on Canadian and Mexican goods, and a 10% tariff on Chinese goods. Canada and Mexico have announced their own tariffs on U.

Asian stocks plunge as Trump’s tariffs spook markets Stock markets in Asia dropped on Monday after US tariffs on China, Canada and Mexico triggered fears of a hit to global growth. Japan's Nikkei index tumbled as much as 2.