Asian markets plunge as world reels from Trump tariff announcement – business live

From 2h ago 21.21 EDT Asian stock markets plunge, gold reaches record high Gold has reached a record high while the yen has strengthened against the dollar and stock markets have slumped after Donald's Trump's unexpectedly aggressive tariff announcement. Here's the latest on the markets courtesy of Reuters: The high-flying tech sector was pummelled as manufacturing hubs in China and Taiwan faced new tariffs above 30%, bringing the total new levy to an eye-watering 54% on imports from China. "The US effective tariff rate on all imports look to be the highest level in over a century," said Citi's global…