Chinese markets plunge on Trump's newest tariff threat: Shanghai down 3.8%, Shenzhen falls 5.8%
China markets led losses in the region on Tuesday after U.S. President Donald Trump threatened more tariffs on Chinese products. Trump has ordered $200 billion in Chinese goods to be identified — subject to additional tariffs at a rate of 10 percent. Chinese markets led losses in Asia on Tuesday, with major markets in the region closing sharply lower after U.S. President Donald Trump fired a fresh salvo in the ongoing trade spat between the U.S. and China.