A significant increase in tariffs, including a stunning 104% levy on Chinese imports, is set to take effect, creating volatility in Asian markets. This development follows an overall downturn in the U.S. stock market, where the S&P 500 fell 1.6%, indicating widespread investor concern regarding the ongoing trade war.

Asian markets witnessed significant declines following a drastic sell-off on Wall Street, driven by the announcement of new tariffs by the Trump administration.

The US President suggested his next round of tariff announcements, expected on Wednesday, will hit all countries, rather than just those who sell more goods to the US than they buy. 

Climate change and overfishing are making it harder to catch the anchovies essential to the condiment that underlies so much of Vietnam and southeast Asia’s food.

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