US President Donald Trump has imposed an additional 10% tariff on Chinese imports, increasing trade tensions.
New Tariffs and Global Reaction
President Donald Trump announced new 10% tariffs on Chinese imports through social media. China responded that it will take all necessary measures to protect its economy.
Markets Under Pressure
The financial market reacted immediately: shares of Chinese companies in Hong Kong plunged 3.9%, while the CSI 300 Index, tracking the largest companies on the mainland, fell by 1.9%. The Chinese yuan temporarily weakened but then stabilized due to the intervention of the People's Bank of China.
China's Countermeasures
China is preparing countermeasures, including additional tariffs on US goods and a possible suspension of some trade concessions. Washington is also tightening trade and investment conditions with China, including new restrictions.
The escalation of the trade war between the US and China continues, putting significant pressure on global markets and economic stability.
