Asian tech stocks fall as Trump doubles down on tariffs, keeping investors on edge

Employees move semiconductor testers on the assembly line of the Advantest Corp. plant in Ora, Japan on Aug. 10, 2012. Asian tech and chip-related stocks fell Tuesday after U.S. President Donald Trump made it clear that tariffs on Mexico and Canada would go into effect as planned. Trump said the U.S. would impose 25% tariffs on goods imported from Canada and Mexico, adding that there was "no room left for Mexico or for Canada" to negotiate an alternative to the tariffs. Trump also said he would impose an additional 10% tariff on imports from China, having already levied 10% duties that came into effect in February. Asian tech stocks were also pressured by the near 9% fall in artificial intelligence darling Nvidia's shares overnight. Japanese semiconductor equipment maker Advantest plunged as much as 9%, to its lowest level since last October, while Chipmaker Renesas Electronics lost 6.35%. Tech investor SoftBank Group dropped 6.25%. The company's CEO Masayoshi Son plans to borrow ... Read full article.