Asian shares sank Friday in early trading after U.S. stocks surrendered a chunk of their historic gains from the day before.

The deepening worries over President Donald Trump’ s trade war helped pull Japan’s Nikkei 225 share index down 5.6%.

Shares also fell in South Korea and Australia in early trading Friday.

China announced more countermeasures against the United States and losses for U.S. stocks accelerated after the White House clarified that the United States will tax Chinese imports at 145%, not the 125% rate that Trump had written about in his posting on Truth Social Wednesday, once other previously announced tariffs were included. The drop for the S&P 500 exceeded 6% at one point.