China Stocks Drop as Trump Announces Tariff Hike

Reported about 5 hours ago

Chinese ETFs and stocks listed on U.S. exchanges plummeted following President Trump's announcement to double tariffs on Chinese goods. Trump's new 10% tariff adds to an earlier 10% increase, resulting in declines for major Chinese companies like Alibaba and Nio, even as they have outperformed the S&P 500 overall this year.

Source: YAHOO

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