Asian stock markets are slumping as the shockwaves from US President Donald Trump's tariffs continue to reverberate around the world. Major indexes from Shanghai to Tokyo and Sydney to Hong Kong plunged when they opened on Monday. "It's a bloodbath," one analyst told the BBC.

The big question as global stock selloffs point to another week of plunging markets in the US is how much pain President Donald Trump is prepared to inflict to test his tariff theories.

Wall Street is coming off its worst week since the advent of the pandemic, shedding over $5 trillion in value amid Trump's tariff plans.

Kanda, on Japan’s southern coast, grew in tandem with an auto plant that sends half of the cars it makes to the United States.

U.S. President Donald Trump warned foreign governments they would have to pay "a lot of money" to lift sweeping tariffs, characterising the duties as "medicine" and triggering further carnage across global financial markets on Monday.

Writing in the Sunday Telegraph, UK Prime Minister Keir Starmer says he is prepared to use industrial policy to "shelter British business from the storm".

Rep. Don Bacon is set to introduce legislation in the House on Monday that would give Congress more control over tariffs, as some Senate Republicans have backed that chamber’s version of the bill.

The rapid drop shows that cryptocurrencies, which the president has promoted, are subject to the same market gyrations as any other risky asset.

U.S. President Donald Trump on Sunday said foreign governments would have to pay "a lot of money" to lift sweeping tariffs that he characterized as "medicine," as financial markets indicated another week of steep losses could be in store.

Live” cast member James Austin Johnson returned as Donald Trump during the latest episode’s cold open to give his version of the president’s recent “Liberation Day” tariff announcement.