Donald Trump has unveiled a barrage of sweeping tariffs set to hit the rest of the world - and it's left a notable impact on the markets.

All countries, including New Zealand, have been hit with a 10 percent tariff, the EU will cop 20 percent, but Asia's been hit a little harder.

China will pay 34 percent on top of a 20 percent levy, Japan will pay 24 percent and India will pay 26 percent on their goods - and Vietnam and Cambodia will be hit with 46 percent and 49 percent, respectively. 

Fisher Funds expert Sam Dickie says the US markets have taken a dive - and markets across Asia have reacted strongly following this update.

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