Asia had the first crack Monday at letting President Donald Trump know how disastrous his trade war will be for the global economy. The region’s markets didn’t hold back. Japan’s Nikkei 225 Stock Average lost over 1,

Asian stocks reliant on exports, ranging from Japanese carmakers to Chinese e-commerce firms, nosedived after US President Donald Trump unleashed his first wave of tariffs, signaling the beginning of a new round of global trade war.

Shares of Japanese and South Korean car makers and their suppliers led declines in Asia on Monday, as exporters across the region were walloped by U.S. President Donald Trump's introduction of sweeping tariffs on Mexico,