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

South Korea’s Constitutional Court has upheld the impeachment of Yoon Suk Yeol, determining that his declaration of martial law breached constitutional protocols and impeded judicial independence.

Donald Trump has moved “Liberation Day” to 2 April to avoid association with April Fool’s Day, prompting global governments to prepare for impending tariff announcements.

The White House has said it will impose what they call reciprocal tariffs on roughly 60 of the “worst offenders”.

The UK is amongst some countries facing a baseline tariff of 10%

Stock markets in London, Paris, and Berlin fell on Thursday following U.S. President Donald Trump’s announcement of sweeping tariffs. The UK has been hit with a baseline 10% while the EU has been hit with 20%.