Japan intends to closely monitor the impact on its currency of US President Donald Trump’s new tariffs and is worried about the international fallout from the trade imposts, Finance Minister Katsunobu Kato said.

AUD/USD extends sell-off below 0.6100 in Asian session on Monday. The pair suffers from intense risk aversion, led by US President Trump's tariffs on Canada, Mexico and China over the weekend, which fuel global trade war fears. The Aussie weighs Australian Retail Sales and China's PMI data.

Global markets buckled up for a turbulent session Monday after Trump launched a trade war with sweeping tariffs on Canada, Mexico, and China.

The UK is "out of line" in its trade with the US but the situation can be "worked out", President Donald Trump says. Asked by the BBC if he would target the UK with tariffs while arriving into Maryland from Florida, the US leader says: "We'll see what happens, it'll happen."

Follow the latest news on the tariffs and other Trump administration moves. Leaders for Canada, Mexico, and China, including Justin Trudeau, respond after President Donald Trump imposes tariffs.

(Reuters) -Shares in some of the biggest European carmakers slumped on Monday after U.S. President Donald Trump imposed new tariffs of 25% on goods from Mexico and Canada and 10% on imports from China,