Trump pauses aid to Ukraine after Zelensky clash

US President Donald Trump suspended military aid to Ukraine on Monday, a White House official said, sharply escalating pressure on Kyiv to agree to peace negotiations with Russia.The move comes just days after a stunning public clash between Ukrainian President Volodymyr Zelensky and Trump, who is seeking a rapid end to the war. Trump earlier on Monday had declined to rule out a pause when quizzed by reporters, but any disruption in the flow of US arms to the front line would rapidly weaken Ukraine’s chance of beating back Russia’s invasion.”The President has been clear that he is focused on peace. We need our partners to be committed to that goal as well,” a White House official told AFP, speaking on condition of anonymity.”We are pausing and reviewing our aid to ensure that it is contributing to a solution,” the official added. Congressional Democrats immediately condemned the pause as dangerous and illegal. “My Republican colleagues who have called Putin a war criminal and promised their continued support to Ukraine must join me in demanding President Trump immediately lift this disastrous and unlawful freeze,” said Gregory Meeks, top Democrat on the House Foreign Affairs Committee.Trump also warned he would “not put up” much longer with Zelensky’s defiance, and said Ukraine’s leader should be “more appreciative” of US support.Speaking at the White House, Trump said Zelensky “won’t be around very long” without a ceasefire deal with Moscow.The pause has gone into effect immediately and impacts hundreds of millions of dollars of weaponry in the process of being sent to Ukraine, The New York Times reported.Zelensky for his part said Monday he was seeking for the war to end “as soon as possible.”The comment came after Zelensky accused Russia — which invaded Ukraine in 2014 and greatly expanded the conflict in 2022 — of not being serious about peace.He insisted tough security guarantees were the only way to end the war.But Trump’s stance has upended US support for Ukraine, and Washington’s allies more broadly, and stoked concern about Washington pivoting to Russia.- European support -After weekend crisis talks in London, Britain and France are investigating how to propose a one-month Ukraine-Russia truce “in the air, at sea and on energy infrastructure” — potentially backstopped by troops on the ground.Zelensky said discussions were still focusing on the “first steps,” adding: “An agreement on ending the war is very, very far away” — a comment that angered Trump.Zelensky added in a video statement that “real, honest peace” would only come with security guarantees for Ukraine, which agreed to denuclearize in 1994 only in exchange for protection provided by the United States and Britain.”It was the lack of security guarantees for Ukraine 11 years ago that allowed Russia to start with the occupation of Crimea and the war in Donbas, then the lack of security guarantees allowed Russia to launch a full-scale invasion,” Zelensky said.Russia dismissed the comments, accusing him of not wanting peace — echoing US criticism after he was shouted down Friday in the Oval Office.On the ground, Ukrainian officials reported fatalities from a Russian missile strike on a military training facility some 130 kilometers (80 miles) from the front line.A respected military blogger said between 30 and 40 soldiers were killed and 90 more wounded in the attack near Dnipro on Saturday.- ‘Deliberate’ escalation? -Trump has previously called Zelensky, president since 2019, a “dictator” for not holding elections, even though martial law precludes any vote because of the war. Zelensky dismissed calls for him to resign, repeating his pledge to do so only if Ukraine were given NATO membership, which Russia — and now the United States under Trump — opposes.In Moscow, Kremlin spokesman Dmitry Peskov blamed Zelensky for Friday’s blow-up with Trump and Vice President JD Vance, saying he “demonstrated a complete lack of diplomatic abilities.””He doesn’t want peace,” Peskov told reporters.On Monday Vance told broadcaster Fox News he was confident Zelensky would “eventually” agree to peace talks with Moscow.”I think Zelensky wasn’t yet there, and I think, frankly, now still isn’t there,” Vance said. “But I think he’ll get there eventually. He has to.”But Germany’s likely next chancellor, Friedrich Merz, said the astonishing White House clash was a “deliberate escalation” by Trump.US and Russian officials have held talks on ending the war, enraging Kyiv and Europe for being sidelined, and prompting fears that any deal could threaten Ukraine’s future.

TSMC announces $100 bn investment in new US chip plants

Taiwanese chip-making giant TSMC will invest at least $100 billion in the United States to build “cutting edge” manufacturing facilities, President Donald Trump said Monday, announcing the latest blockbuster financial pledge by a private company since his return to office.Taiwan Semiconductor Manufacturing Co’s new investment will come on top of their existing commitments, and will go into “building five cutting edge fabrication facilities,” Trump said during a White House event, flanked by TSMC chief executive C.C. WeiHe added that much of the funding would be invested in the US state of Arizona, where TSMC — the world’s largest chipmaker — has already invested heavily, and would create “many thousands” of high-paying jobs.TSMC has long faced demands to move more of its production away from Taiwan, amid fears that supplies of the critical technology could be disrupted in any conflict with Beijing.The company, during former president Joe Biden’s administration, pledged to invest more than $65 billion in three factories in Arizona, one of which began production in late 2024.Trump recently ratcheted up the pressure on TSMC and other chip manufacturers by publicly mulling the introduction of 25 percent tariffs on all semiconductor chips made outside the United States.Taiwan said it will review the investment “in accordance with the law”.The review will take into account “the company’s development while ensuring the overall competitiveness of the semiconductor industry and the country,” cabinet spokeswoman Michelle Lee said.  Taiwan Premier Cho Jung-tai said the island looked forward to “continuing to cooperate with friendly countries for mutual benefits”.But he said it was important that Taiwan maintain its “key position” in the global chip supply chain and “ensure that we are leading in key technologies”.Taiwan’s Department of Investment Review spokesman Su Chi-yen told AFP the government could potentially veto the investment, but that “most past rejections were due to incomplete documentation.”Monday’s announcement brings the total amount committed by TSMC to around $165 billion, C.C. Wei said Monday.”We are going to produce many chips to support AI progress, and to support smartphones’ progress,” he added.The new investment will help expand the firm’s US footprint to include “three new fabrication plants, two advanced packaging facilities and a major R&D (research and development) team center,” while supporting 40,000 construction jobs over the next four years, TSMC said in a statement.The concentration of chip manufacturing in Taiwan has been described as a “silicon shield” against a possible invasion or blockade by China, which claims the island as part of its territory and has threatened to use force to bring it under its control.There are concerns Taiwan could lose that protection if its companies build too many factories overseas.”Taking away Taiwan’s technology sector will reduce the power of Taiwan’s ‘silicon shield’,” James Yifan Chen, assistant professor in the Department of Diplomacy and International Relations at Tamkang University in Taiwan.”Taiwan without semiconductor and tech industries will be like Ukraine without nuclear weapons.”- Tariff threats -Since regaining the White House, Trump has called on companies to create more manufacturing jobs in the United States, while threatening to impose steep levies on those who do not comply.His administration has already imposed a 10 percent tariff on Chinese goods, and is scheduled to impose a 25 percent tariff Canada and Mexico from Tuesday, alongside an additional levy of 10 percent on goods from China.On Monday, Trump said there was “no room left for Mexico or for Canada” to avoid the tariffs, adding: “They’re all set, they go into effect tomorrow.”Trump has invited executives from some of the world’s largest companies — including OpenAI and Oracle — to the White House since his January 20 inauguration to tout investments worth hundreds of billions of dollars in US manufacturing.The amount announced since inauguration day now totals more than $1 trillion, including a commitment from Apple to invest $500 billion over the next four years.These gargantuan sums are sure to please Trump’s supporters. His critics point to some similarly ambitious targets pledged during his first term in office which failed to materialize.

Work, housing, marriage: issues at China’s annual political meetings

Workers’ rights, a housing crisis and marital disputes are among the issues that China’s leaders will discuss at annual political meetings that open Tuesday in Beijing.The ruling Communist Party will use the conclave known as the “Two Sessions” to rubber-stamp a raft of pre-approved legislation, with little expectation of any meaningful opposition as voting is tightly controlled.But the 5,000 national delegates can also take advantage of the occasion in the capital to garner support for pet projects that may make it into law in the future.Here are some of this year’s proposals: – Changing workforce -China is grappling with a slowing economy and a rapidly changing labour force, as young people struggle to find jobs while a vast cohort of older workers approaches retirement.Gan Huatian, a representative of the Chinese People’s Political Consultative Conference (CPPCC) from southwestern Sichuan province, said he would propose a law penalising employers engaging in “academic discrimination” against graduates from lower-ranking universities, according to a local news outlet.Li Dongsheng, a deputy to the National People’s Congress (NPC), wants to see lower social security contributions for “flexible” workers — a precarious group that has grown with booming delivery services, China News Service reported.China last year hiked its retirement age for the first time in decades.The threshold is due to rise gradually over the next 15 years from 60 to 63 for men, and from 50 to 55 for blue-collar women.NPC representative Feng Tao, of eastern Shandong province, told the Workers’ Daily newspaper that he wanted longer annual leave for those with more than 30 years of experience.- Housing fix -China has struggled to escape a years-long slump in its property sector, a once key driver of growth weighed down by huge debts that have led some developers into default.Beijing has already rolled out a range of measures to help people purchase city homes more easily, to ensure that buyers end up with properties they have purchased in advance.But at least one delegate is addressing it head-on.CPPCC member Zhai Meiqing — an executive at a Hong Kong real-estate conglomerate — told a national financial news outlet she would push for a “trade-in” system.That would see local governments pay residents subsidies to swap their old homes for new ones.- Marriage woes -China’s divorce rate has risen in recent decades, and marriages have been on the decline too — falling by a fifth in 2024, according to official data.For the fifth straight year, CPPCC member Jiang Shengnan plans to speak out against China’s mandatory “cooling-off period” for divorces.The rule, which came into effect in 2021, requires couples who file for divorce to wait 30 days before they can confirm their separation.Jiang, a screenwriter from eastern Zhejiang province, told the Southern Weekly newspaper that the current law especially puts women at greater risk of domestic violence.Meanwhile, Shi Bingqi, a delegate from northern Hebei province, is eyeing a cap on the amount the groom’s family pays brides before the wedding.Shi told the state-run China National Radio (CNR) that rural areas, where the practice is more common, should not allow “sky-high” prices that can be up to twice what the average local person earns in a year.The CPCC is also mulling a proposal that would lower the marriage age — currently 22 for men and 20 for women — to 18, according to state-run nationalist tabloid the Global Times.- Harassment, tattoos, larger font -Other reported proposals run the gamut from the serious to mundane or even bizarre.NPC delegate Fang Yan of northern Shaanxi province has called for parents, teachers and other adults who harm children to face heavier legal punishments, China News Weekly said.Li Ziwei, a delegate from the northeastern rust-belt province of Liaoning, told CNR she would push to tighten a crackdown on people who traffic women and children.She has also suggested imposing heavy penalties on people who force children to get tattoos, saying it might harm their future job prospects in a country where they are traditionally a taboo.And delegate Dai Yin, of central China’s Hunan province, told state broadcaster CCTV she wants leaders to enlarge the font on prescription drug bottles — and simplify their instructions — so that elderly patients can read them more easily.

Trump suspend l’aide militaire à l’Ukraine

Donald Trump a mis sa menace à exécution et ordonné lundi une “pause” dans l’aide militaire des Etats-Unis à l’Ukraine en guerre contre la Russie, trois jours après l’altercation à la Maison Blanche avec le président ukrainien Volodymyr Zelensky.”Nous faisons une pause et réexaminons notre aide pour nous assurer qu’elle contribue à la recherche d’une solution” au conflit entre l’Ukraine et la Russie, a déclaré un responsable de la Maison Blanche sous couvert d’anonymat.”Le président a clairement indiqué qu’il se concentrait sur la paix. Nous avons besoin que nos partenaires s’engagent eux aussi à atteindre cet objectif”, a-t-il ajouté.Il s’agit essentiellement de l’aide militaire déjà approuvée sous l’ancienne administration de Joe Biden et très largement soldée mais dont il reste encore des équipements et armes à livrer.Donald Trump ne décolère pas contre M. Zelensky depuis la rencontre vendredi à la Maison Blanche qui a tourné en affrontement verbal, et il a accentué lundi ses menaces contre le dirigeant ukrainien, qu’il suspecte de ne “pas vouloir la paix” avec la Russie.Le président américain a aussi jugé dans la journée que son homologue ukrainien devrait être davantage “reconnaissant” pour l’aide des Etats-Unis.Mais il a aussi estimé que l’accord sur l’accès aux minerais ukrainiens, que Volodymyr Zelensky était censé signer à Washington vendredi, pouvait encore être conclu.Dans un entretien à la chaîne Fox News, le vice-président américain JD Vance a estimé pour sa part que le président ukrainien avait “montré un refus clair de s’engager dans le processus de paix” souhaité par Donald Trump.”Je pense que Zelensky n’y était pas encore, et je pense, franchement, qu’il n’y est toujours pas, mais je pense que nous finirons par y arriver. Il le faut”, a-t-il dit.De son côté, le chef de l’Etat ukrainien a estimé sur X qu’il était “très important que nous essayions de rendre notre diplomatie vraiment substantielle pour mettre fin à cette guerre le plus vite possible.”Et, dans une vidéo publiée lundi soir, il a réitéré son appel à fournir à l’Ukraine des garanties de sécurité.”C’est l’absence de garanties de sécurité pour l’Ukraine il y a 11 ans qui a permis à la Russie de commencer l’occupation de la Crimée et la guerre dans le Donbass, puis l’absence de garanties de sécurité a permis à la Russie de lancer une invasion à grande échelle”, a-t-il dit.- “La pire chose” -Réagissant plus tôt à une déclaration faite dimanche à Londres, dans laquelle M. Zelensky estimait “qu’un accord mettant fin à la guerre (était) très très lointain”, Donald Trump l’a menacé de “ne plus tolérer très longtemps” cette position. “C’est la pire chose que Zelensky pouvait dire et l’Amérique ne va plus tolérer ça très longtemps”, a écrit M. Trump sur son réseau Truth Social. “Ce gars ne veut pas de paix tant qu’il a le soutien de l’Amérique”, a déclaré Donald Trump, qui avait menacé vendredi de “laisser tomber” l’Ukraine s’il ne se faisait pas plus conciliant.Comme en écho aux propos du président américain, le Kremlin, qui avait ordonné en février 2022 l’invasion de l’Ukraine, a assuré lundi qu’il fallait “forcer Zelensky” car “il ne veut pas la paix”.Un sommet européen à Bruxelles jeudi sera consacré à l’Ukraine et aux questions de sécurité européenne.- L’avancée des Russes ralentit -Le ministre français des Affaires étrangères, Jean-Noël Barrot, a souligné lundi que, plus de 35 ans après la chute des régimes communistes soutenus par Moscou en Europe, “jamais le risque d’une guerre sur le continent européen, dans l’Union européenne, n’a été aussi élevé”.Sur le terrain, la guerre continue de semer la mort et la dévastation.Le commandant en chef des armées ukrainiennes, Oleksandre Syrsky, a indiqué lundi qu'”un missile balistique Iskander-M avec munitions à fragmentation” avait frappé samedi un centre d’entraînement de l’armée de terre dans la région de Dnipropetrovsk, à plus de 100 km de la ligne de front, faisant “des morts et des blessés”.Selon un blogueur militaire ukrainien, entre 30 et 40 soldats ont été tués et jusqu’à 90 ont été blessés.Par ailleurs, une infrastructure pétrolière a pris feu lundi soir dans la région russe de Rostov, frontalière de l’Ukraine, après une attaque de drones, a indiqué le gouverneur régional par intérim, Iouri Slioussar.Mais, selon l’analyse par l’AFP des données fournies par l’Institut américain pour l’étude de la guerre (ISW), l’avancée russe dans l’est de l’Ukraine a de nouveau ralenti, avec un gain de seulement 389 km2 en février, après 431 km2 en janvier, 476 km2 en décembre et un pic à 725 km2 en novembre.

Trump suspend l’aide militaire à l’Ukraine

Donald Trump a mis sa menace à exécution et ordonné lundi une “pause” dans l’aide militaire des Etats-Unis à l’Ukraine en guerre contre la Russie, trois jours après l’altercation à la Maison Blanche avec le président ukrainien Volodymyr Zelensky.”Nous faisons une pause et réexaminons notre aide pour nous assurer qu’elle contribue à la recherche d’une solution” au conflit entre l’Ukraine et la Russie, a déclaré un responsable de la Maison Blanche sous couvert d’anonymat.”Le président a clairement indiqué qu’il se concentrait sur la paix. Nous avons besoin que nos partenaires s’engagent eux aussi à atteindre cet objectif”, a-t-il ajouté.Il s’agit essentiellement de l’aide militaire déjà approuvée sous l’ancienne administration de Joe Biden et très largement soldée mais dont il reste encore des équipements et armes à livrer.Donald Trump ne décolère pas contre M. Zelensky depuis la rencontre vendredi à la Maison Blanche qui a tourné en affrontement verbal, et il a accentué lundi ses menaces contre le dirigeant ukrainien, qu’il suspecte de ne “pas vouloir la paix” avec la Russie.Le président américain a aussi jugé dans la journée que son homologue ukrainien devrait être davantage “reconnaissant” pour l’aide des Etats-Unis.Mais il a aussi estimé que l’accord sur l’accès aux minerais ukrainiens, que Volodymyr Zelensky était censé signer à Washington vendredi, pouvait encore être conclu.Dans un entretien à la chaîne Fox News, le vice-président américain JD Vance a estimé pour sa part que le président ukrainien avait “montré un refus clair de s’engager dans le processus de paix” souhaité par Donald Trump.”Je pense que Zelensky n’y était pas encore, et je pense, franchement, qu’il n’y est toujours pas, mais je pense que nous finirons par y arriver. Il le faut”, a-t-il dit.De son côté, le chef de l’Etat ukrainien a estimé sur X qu’il était “très important que nous essayions de rendre notre diplomatie vraiment substantielle pour mettre fin à cette guerre le plus vite possible.”Et, dans une vidéo publiée lundi soir, il a réitéré son appel à fournir à l’Ukraine des garanties de sécurité.”C’est l’absence de garanties de sécurité pour l’Ukraine il y a 11 ans qui a permis à la Russie de commencer l’occupation de la Crimée et la guerre dans le Donbass, puis l’absence de garanties de sécurité a permis à la Russie de lancer une invasion à grande échelle”, a-t-il dit.- “La pire chose” -Réagissant plus tôt à une déclaration faite dimanche à Londres, dans laquelle M. Zelensky estimait “qu’un accord mettant fin à la guerre (était) très très lointain”, Donald Trump l’a menacé de “ne plus tolérer très longtemps” cette position. “C’est la pire chose que Zelensky pouvait dire et l’Amérique ne va plus tolérer ça très longtemps”, a écrit M. Trump sur son réseau Truth Social. “Ce gars ne veut pas de paix tant qu’il a le soutien de l’Amérique”, a déclaré Donald Trump, qui avait menacé vendredi de “laisser tomber” l’Ukraine s’il ne se faisait pas plus conciliant.Comme en écho aux propos du président américain, le Kremlin, qui avait ordonné en février 2022 l’invasion de l’Ukraine, a assuré lundi qu’il fallait “forcer Zelensky” car “il ne veut pas la paix”.Un sommet européen à Bruxelles jeudi sera consacré à l’Ukraine et aux questions de sécurité européenne.- L’avancée des Russes ralentit -Le ministre français des Affaires étrangères, Jean-Noël Barrot, a souligné lundi que, plus de 35 ans après la chute des régimes communistes soutenus par Moscou en Europe, “jamais le risque d’une guerre sur le continent européen, dans l’Union européenne, n’a été aussi élevé”.Sur le terrain, la guerre continue de semer la mort et la dévastation.Le commandant en chef des armées ukrainiennes, Oleksandre Syrsky, a indiqué lundi qu'”un missile balistique Iskander-M avec munitions à fragmentation” avait frappé samedi un centre d’entraînement de l’armée de terre dans la région de Dnipropetrovsk, à plus de 100 km de la ligne de front, faisant “des morts et des blessés”.Selon un blogueur militaire ukrainien, entre 30 et 40 soldats ont été tués et jusqu’à 90 ont été blessés.Par ailleurs, une infrastructure pétrolière a pris feu lundi soir dans la région russe de Rostov, frontalière de l’Ukraine, après une attaque de drones, a indiqué le gouverneur régional par intérim, Iouri Slioussar.Mais, selon l’analyse par l’AFP des données fournies par l’Institut américain pour l’étude de la guerre (ISW), l’avancée russe dans l’est de l’Ukraine a de nouveau ralenti, avec un gain de seulement 389 km2 en février, après 431 km2 en janvier, 476 km2 en décembre et un pic à 725 km2 en novembre.

Trump says Canada and Mexico cannot avert tariffs, hikes China levy

US President Donald Trump shut down hopes Monday of an eleventh-hour deal with Canada and Mexico to avert sweeping tariffs, while signing an order to further hike duties on China.Trump had unveiled — and then paused — blanket tariffs on imports from major trading partners Canada and Mexico in February, accusing them of failing to stop illegal immigration and drug trafficking.The halt is due to expire Tuesday, and US stock markets tumbled after Trump told reporters Monday there was “no room left” for both countries to avoid the levies.The duties stand to impact over $918 billion worth of US imports from both countries.Canadian Prime Minister Justin Trudeau on Monday pledged to impose retaliatory 25 percent tariffs on Washington, saying in a statement: “Canada will not let this unjustified decision go unanswered.”Trump also inked an order Monday to increase a previously imposed 10 percent tariff on China to 20 percent — piling atop existing levies on various Chinese goods.Beijing warned it would take countermeasures against the new tariffs to safeguard its own interests.Economists caution that tariffs could raise consumer prices while weighing on growth and employment.Asian markets fell on opening Tuesday, with Japan’s Nikkei index dropping more than two percent and Hong Kong’s Hang Seng down 1.5 percent after Trump’s latest tariff actions. The Tax Foundation estimates that before accounting for foreign retaliation, tariffs on Canada, Mexico and China this time would each cut US economic output by 0.1 percent.And sweeping duties, particularly on Canada and Mexico, are set to snarl supply chains for key sectors like automobiles and construction materials, risking cost increases to households.This could complicate Trump’s efforts to fulfill his campaign promises of lowering prices for Americans.On Monday, Trump told reporters that 25 percent tariffs on Canada and Mexico were “all set.” Canadian energy goods face a lower rate.”What they’ll have to do is build their car plants, frankly, and other things in the United States,” Trump said.Former US officials see Trump’s tariffs over drugs like fentanyl as a means to tackle socio-economic problems — while providing legal justifications to move quickly.Washington is also seeking leverage and to rebalance trade ties, analysts believe.But using emergency economic powers to impose tariffs on Canada, Mexico and China is a novel move, and could trigger lawsuits.- Higher costs -Mexican President Claudia Sheinbaum said her country has contingency plans, whatever decision Trump takes.If Trump continues with his tariff plans, KPMG chief economist Diane Swonk warned: “We could easily reach the highest effective tariff rate since 1936 by the beginning of 2026.”Both consumers and manufacturers stand to bear the costs of additional tariffs, which could diminish demand and trigger layoffs as businesses try to keep costs under control, she told AFP.Robert Dietz, chief economist at the National Association of Home Builders, told AFP the group expects a possible “combined duty tariff rate of above 50 percent on Canadian lumber” as proposed duties add up.Even as the United States also plans to expand forestry, Dietz said, prices will likely rise in the short-run.Anecdotally, some builders expect they could face higher costs of $7,500 to $10,000 per newly built single family home, he said.- Industry pushback -Trump’s doubling down on tariffs has already drawn industry pushback.The US-China Business Council, a group of around 270 American firms that do business in China, warned in a statement that sweeping tariffs would hurt US firms, consumers and farmers “and undermine our global competitiveness.””Any use of tariffs should be strategic and targeted, focusing on specific US national security goals and unfair Chinese economic practices,” the council’s president Sean Stein said.The National Retail Federation, meanwhile, warned that as long as tariffs on Canada and Mexico are in place, “Americans will be forced to pay higher prices on household goods.”While Washington has targeted China over chemicals for illicit fentanyl, many of the components have legitimate uses, too — making prosecution tricky. Trudeau has said that less than one percent of the fentanyl and undocumented migrants that enter the United States come through the Canadian border.

Asia stocks tumble after Trump tariffs

Asian markets tumbled on Tuesday after US President Donald Trump heaped tariffs on Chinese imports and warned levies on Mexico and Canada could not be averted.Japan’s Nikkei and Hong Kong’s Hang Seng saw the biggest drop, tumbling more than two percent and 1.5 percent respectively.It comes after the White House said Trump had signed on Monday an executive order to increase a previously imposed 10 percent tariff on China, to 20 percent.The US president also stressed that Canada and Mexico would not avoid being hit with 25 percent levies, causing US stocks to fall on Monday.Canada responded on Tuesday by putting 25 percent tariffs against $155 billion worth of American goods.Beijing also warned on Tuesday that it would take countermeasures against new US tariffs on Chinese imports.”China is strongly dissatisfied with this and firmly opposes it, and will take countermeasures to resolutely safeguard its own rights and interests,” a commerce ministry spokesperson said in a statement.Fears the retaliatory tariffs could escalate into a full-blown trade war, drove markets down across Asia on Tuesday.Japanese automakers with Mexican factories in their supply chain suffered, with Nissan (-2.11%), Toyota (-2.25%), or Honda (-2.12%) among the major losers.Exchanges across Asia mirrored the downward trajectory, with Thailand, Australia, New Zealand and Taiwan dropping around one percent.South Korea, the Philippines and Malaysia also fell.”The spectre of a full-blown trade war is once again looming, threatening to choke global economic growth just as investors were starting to regain confidence,” said Stephen Innes, SPI Asset Management.Investors are hoping China will announce a huge stimulus package at its key parliamentary meeting on Wednesday, the National People’s Congress, to stimulate the economy.”In the upcoming National People’s Congress, Chinese policymakers could provide more pro-growth measures including announcing a larger budget deficit target and maintaining a five percent growth target for this year,” said Lloyd Chan, from MUFG bank.Trump expressed outrage on Monday over the weakening of certain currencies and accused Beijing and Tokyo of using it as a trade strategy – a claim fiercely refuted by the Japanese government.The oil market also saw sharp declines with US WTI crude oil falling 0.54 percent to $68 per barrel, and Brent crude from the North Sea dropping 0.77 percent to $71.06 per barrel at around 0200 GMT.Bitcoin’s price plunged nearly 10 percent on Monday as concerns of an escalating trade war pushed investors to seek safer investments.Bitcoin and similar digital assets had surged over the weekend after Trump suggested creating a national cryptocurrency reserve.”Everything is getting sold,” Forexlive manager Adam Button said, adding: “There’s a de-risking that’s unfolding” among crypto investors.- Key figures around 0230 GMT -Tokyo – Nikkei 225: DOWN 1.84 percent at 37,090.72 (break)Hong Kong – Hang Seng Index: DOWN 1.3 percent at 22,706.40Shanghai – Composite: DOWN 0.2 percent at 3,310.14Euro/dollar: UP at 1.0485 from $1.0419 on MondayPound/dollar: UP at $1.2694 from $1.2612 Dollar/yen: DOWN 149.32 from 150.28 yenEuro/pound: DOWN at 82.60 pence from 82.62 pence West Texas Intermediate: DOWN 0.42 percent at $68.08 per barrelBrent North Sea Crude: DOWN 0.66 percent at $71.15 per barrelNew York – Dow: UP 1.4 percent at 43,840.91 (close)London – FTSE 100: UP 0.6 percent at 8,809.74 (close)