India, Feb. 28 -- Asian stocks plummeted on Friday as traders grappled with underwhelming Nvidia Corp. results and U.S. President Donald Trump's new tariff threats.
China vowed to take "all necessary countermeasures and defend its legitimate rights and interests" after Trump said he would impose an additional 10 percent tariff on Chinese imports, intensifying a brewing trade war between the world's two largest economies.
The additional tariff will come into effect on Tuesday alongside sweeping 25 percent levies on Canadian and Mexican imports.
Traders also awaited the release of the Federal Reserve's preferred inflation gauge, the PCE price index, later in the day for additional clues on the Fed's rate trajectory in 2025.
The dollar hel...