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The [value / valued] of stock markets in Asia has [fell / fallen] by their biggest amount in decades. The market in Shanghai was down by nearly 8%, Hong Kong's Hang Seng [dripped / dropped] by 13.22%, Japan's Nikkei index fell 7.8%, and Taiwan's market closed more than 9.7% down. Markets from Australia to China also [sank / sink] . An analyst told the BBC that the markets were a "bloodbath". Stock prices are reacting [negatively / positively] to the trade tariffs announced [from / by] US President Donald Trump on April the 2nd. He [called / calling] this day "Liberation Day". He said it "will [forever / infinity] be remembered as the day American industry was reborn, the day America's [mutiny / destiny] was reclaimed and the day that we began to make America wealthy [extra / again] ".

Many countries are thinking [for / about] what to do about the tariffs. China's People's Daily newspaper said China could fight [forward / back] . It wrote: "After eight years of trade wars [with / to] the US, we've built up a wealth of experience in this [snuggle / struggle] ." It added that China was [strength / strong] enough to face "US tariff bullying". The country could increase its own tariffs [on / in] imports from the USA. Japan's Prime Minister Shigeru Ishiba said he would ask the US to [reduce / reducing] the 24% tariffs on Japanese goods. He will visit the US "as soon [was / as] possible". He will explain to President Trump that Japan "is not doing [anything / thing] unfair". Talking about the tariffs, Trump said: "Sometimes you have to [make / take] medicine to fix something."