India, Aug. 26 -- Asian stocks fell on Tuesday as Fed independence concerns resurfaced and investors awaited Nvidia results amid hopes it can soothe fears about AI spending.

Trade tensions also kept investors on edge, with U.S. President Donald Trump threatening 200 percent tariffs on China if Beijing does not export rare-earth magnets to the U.S.

In the Oval Office on Monday, Trump spoke of Washington's strength in its standoff with Beijing and warned that if he played the "incredible cards" at his disposal, it would "destroy China."

"We are going to have a great relationship with China... They have some cards. We have incredible cards, but I don't want to play those cards. If I play those cards, that will destroy China. I am not going ...