Asian shares experienced significant declines as concerns over the U.S. economy and impending tariffs weigh heavily on investor sentiment. The Nikkei 225 led the downturn, falling over 4% amidst fears of a recession spurred by U.S. tariff threats. Major equity markets throughout Asia mirrored this trend, with the FTSE 100 and other global markets also showing signs of strain as gold prices surged amid the turmoil. As traders brace for more volatility, the situation remains tense ahead of anticipated tariff implementations by the Trump administration, exacerbating worries of a broader economic slowdown.