Hong Kong stocks slip as Trump’s tariffs stoke trade-war fears, BYD slumps
US president reaffirms that tariffs on Chinese imports will double to 20 per cent as reprieve period for Canada and Mexico ends

The Hang Seng Index fell 0.3 per cent to 22,941.77 on Tuesday, after sinking earlier by as much as 2 per cent. The Hang Seng Tech Index was little changed. On the mainland, the CSI 300 Index fell 0.1 per cent and the Shanghai Composite Index gained 0.2 per cent.
Trump’s tariffs reverberated across global markets, with the S&P 500 slumping 1.8 per cent overnight for the worst sell-off this year. All major stock markets in Asia also weakened. The yield on 10-year US Treasuries fell to a four-month low of 4.14 per cent.
“Traders across the region are left scrambling to assess the damage,” said Stephen Innes, managing director at SPI Asset Management in Bangkok. “The spectre of a full-blown trade war is once again looming, threatening to choke global economic growth.”