The recent announcement of sweeping tariffs by Donald Trump has sent shockwaves through global markets, particularly impacting Asia-Pacific stocks. Asian markets have tumbled, with significant declines in Japan and Australia, as uncertainty over retaliatory measures from countries like Canada, Mexico, and China looms large. Investors are reacting to fears of escalating trade conflicts, triggering a flight to safety that has boosted the dollar while equities suffer. Amidst concerns for the automotive sector, which has been particularly hard hit, market analysts predict potential repercussions for economic stability worldwide.