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Strong countermeasures! An additional 50% tariff will be imposed on all imported Commodities originating from the USA, raising from 34% to 84%!
The Tariff Policy Committee of the State Council: The U.S. side's escalation of tariffs on China is a mistake on top of mistakes, seriously violating China's legitimate rights and interests and seriously harming the rules-based multilateral trade system.
Asia-Pacific Markets React Negatively as Trump's Country-specific Tariffs Begin Today
"How do 'reciprocal tariffs' affect the Global market? How should one Trade Hong Kong and US stocks currently? Quickly look at the latest insights from Institutions."
China International Capital Corporation: The impact of "reciprocal tariffs" is significant; it will not only shock short-term market sentiment and affect investors' confidence in the existing Global order, but it will also influence USA's growth, inflation, and policy paths, as well as the economic and financial conditions of the countries subject to tariffs, which will further reflect on the Global market and Assets.
Major announcement before the market opens! The Central Huijin commented: "Playing a role akin to a 'stabilization Fund'." New funds are also coming in!
The Central Huijin has made a statement.
Bullish! The "national team" has announced an increase in shareholding of Chinese Stocks Assets, firmly maintaining the stable running of Capital Markets.
Central Huijin, China Chengtong, and China Guoxin have all issued announcements stating that they will increase their Shareholding in China Stocks Assets, firmly maintaining the stable running of the Capital Markets, and expressing their commitment to being a long-term capital, patient capital, and Global Strategy capital.
Trump's imposing tariffs has disrupted the game board, and the central banks of Emerging Markets are caught in a dilemma between Exchange Rates and economic growth.
Emerging Markets are highly sensitive to the sharp divergence in interest rates with the USA, which often leads to a swift outflow of local capital, bringing about political instability and adverse effects on the entire economy.