, April 7 -- Asian markets tumbled on Monday in the wake of a steep two-day selloff on Wall Street last week, as President Donald Trump reaffirmed his stance on broad new tariffs announced on April 2, which have rattled global trade.

Nations are rushing to decide how to respond, with countries like China already taking retaliatory steps.

Trump's aggressive tariff push, a cornerstone of his campaign promises, was enacted without congressional approval, signaling a dramatic shift in the global trade framework. A long-standing critic of international trade deals, Trump's move marks a significant turn in U.S. economic policy.

The new tariff rates are slated to take effect Wednesday, signaling the beginning of an unpredictable economic peri...