Dhaka, Sept. 26 -- Asian shares slid on Friday after U.S. President Donald Trump unveiled plans to impose new tariffs, including 100% import taxes on pharmaceutical drugs starting October 1.

Trump said on his social media platform Thursday that foreign manufacturers of furniture and cabinetry were "flooding" the U.S. market, warranting tariffs for "national security and other reasons." He also targeted heavy trucks and parts, though most are produced domestically or in North America.

China gives up developing-country privileges at WTO amid tariff tensions

The announcement rattled markets. Japan's Nikkei 225 slipped 0.3% to 45,629.79, with Sumitomo Pharma down 5.2% and Chugai Pharmaceutical off 3.9%. South Korea's Kospi tumbled 2.5% to ...