Asian equity markets drop after Trump reignites tariff row | Business

HONG KONG, Oct 13, 2025 (BSS/AFP) - Asian markets sank Monday after US President Donald Trump reignited his trade war with China by threatening last week to impose 100 percent tariffs on goods from the country. However, the losses were tempered slightly by a more conciliatory tone on Sunday when Trump described Chinese counterpart Xi Jinping as "respected". Trump wrote on social media Friday that he would impose an additional 100 percent tariff on China and threatened to cancel a summit with Xi, citing Beijing's export curbs on rare earth minerals used in a range of goods including smartphones, electric vehicles and military hardware. The extra US levies, plus export controls on "any and all critical software" would come into...