Trump’s sweeping tariffs rattle Asian markets: Japan’s Nikkei down 4%

Trump's sweeping tariffs rattle Asian markets: Japan's Nikkei down 4% Trump's sweeping tariffs rattle Asian markets: Japan's Nikkei down 4%

TOKYO — Japanese stocks fell sharply Thursday morning after U.S. President Donald Trump plowed ahead with harsher-than-expected tariffs despite warnings they would dent global growth.

The benchmark Nikkei Stock Average at one point dropped over 1,500 points, or 4%, plummeting below the 35,000 mark for the first time since August. Nikkei futures on the Osaka exchange slid over 2,000 points, or 6%, to below 34,000.