Asia Markets Fall After Trump Threatens New Tariffs on China NYT | Top Stories By: River Akira Davis and Jason Karaian 13 October 2025 at 20:06 Stocks in the United States recovered from their worst decline in months, after President Trump softened his tariff threat on China. But markets in Asia dropped. © Kenny Holston/The New York TimesPresident Trump has said that the United States would impose a 100 percent tariff on Chinese products starting on Nov. 1.