Asian stock exchanges closed deeply in the red overall. The Hong Kong stock exchange collapsed by as much as 13.2 percent, while the Tokyo stock exchange fell by 7.8 percent.
At the same time, US President Donald Trump is once again defending the tariffs. On his social media platform Truth Social, he writes on Monday that the oil price has gone down, as have interest rates and food prices.
"THERE IS NO INFLATION", he writes further.
The oil price has fallen in recent days due to the tariffs, but also because Opec has decided to increase production more than expected. On Monday afternoon, a barrel of Brent oil is trading for 64.15 dollars.
One dollar costs 10.10 kronor and one euro 11.05.
