The trade war between China and the United States started last year, but it was suspended at the end of last year. For half a year, China and the United States have been negotiating. According to today's news from China and the United States, the eleventh round of negotiations has come to an end, but the relevant details have not been settled yet. How big is the impact of Sino US tariffs on the stock market?
Trade war news
In fact, both China's stock market and American stock market have been affected to varying degrees, especially American stock market. After the announcement of tariff increase, American stock market fell for three consecutive days, which made many American shareholders suffer serious losses!
The tariff dispute between China and the United States was initiated by the United States, which has not yet been properly resolved, nor has an effective consensus been formed. In particular, a few days ago, the United States once again announced to increase tariffs on China's 200 billion goods, which is tantamount to adding fuel to the fire. How much impact will this move have on China's stock market? Which sectors will be affected? On the evening of September 17, 2018, the United States announced to increase tariffs on China's 200 billion dollars Tariffs on goods will be increased by 10% to 25% next Monday (effective September 24).
Then, on the evening of September 18, the Tariff Commission of the State Council decided to impose 10% or 5% tariff on 5207 tariff items and about US $60 billion of goods originating in the United States, which will be implemented from 12:01 on September 24, 2018. If the US side insists on further raising the tariff rate, the Chinese side will respond accordingly, and relevant matters will be announced separately.