Asian shares tumble after Trump says he will impose new tariffs
MANILA, Philippines (AP) – Asian shares fell on Friday after President Donald Trump announced plans for new tariffs including 100% import taxes on pharmaceutical drugs starting Oct. 1. South Korea’s Kospi tumbled 2.5%. Hong Kong’s Hang Seng index fell 0.7% while the Shanghai index was down 0.1% Australia’s S&P/ASX 200 rose 0.2%. India’s BSE Sensex fell 0.7%.