Circle Squared Alternative Investments founder Jeff Sica discusses whether President Donald Trump's new tariffs will cause a market meltdown on 'Varney & Co.'

President Donald Trump on Monday set a 25% tax on goods imported from Japan and South Korea, as well as new tariff rates on a dozen other countries.

President Donald Trump announced on Monday that he is levying tariffs against South Korea and Japan beginning in August. Trump

As President Trump ramps up the pressure on dozens of countries, trade experts fear U.S. tariff policy leaves consumers and businesses in limbo.

Asian shares were mostly lower in early Tuesday trading, as worries about President Donald Trump’s latest updates to his tariffs weighed on investor sentiments. Japan's benchmark Nikkei 225 rose 0.1% in morning trading to 39,

The country is one of three dozen trading partners under threat of so-called reciprocal tariffs that has yet to receive a letter from Trump.

While South Korean imports to the U.S. face 25% tariffs, the same as Trump promised in April, the rate on Japan has been raised by 1 percentage point to 25%.

U.S. President Donald Trump on Tuesday said the U.S. would impose a 19% tariff on goods from Indonesia under a new agreement with the Southeast Asian country and said more deals were in the works as he continued to press for what he views as better terms with trading partners and a path to reducing a massive U.

Japan expressed hope on Tuesday that U.S. President Donald Trump's announcement on a Ukraine arms deal and potential secondary tariffs on Russia would lead to a just and lasting peace between the two countries.