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White House: CN Goods Now Face Max. 245% Tariffs as CN Imposes Retaliatory Tariffs on US Imports
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Imports of Chinese goods now face tariffs of up to 245% as a result of China's retaliatory tariffs on imported US goods, the White House issued a statement at noon Hong Kong time today (16th) saying. The US announced reciprocal tariff measures on 2 April, but later announced a 90-day moratorium on over 70 countries or regions. The White House added that more than 75 countries have approached the US for new trade deals. The HSI last printed at 20,947 after midday, down 519 points or nearly 2.5%, with a turnover of $124.396 billion. AAStocks Financial News |
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