Facing a Flurry of U.S. Sanctions, China Prepares to Hit Back
Published On Jan 17, 2025, 5:00 AM
With the upcoming inauguration of Donald Trump, China is preparing for potential economic confrontations. They have threatened investigations into American chipmakers and may impose duties on imports of industrial plastics while targeting one specific American retailer for inappropriate conduct. This escalation is seen as a direct warning to the incoming U.S. administration, indicating that China will not remain passive amidst growing tensions. Following similar aggressive actions by the Biden administration to curb China’s tech sector, these developments could instigate further trade disputes.
Stock Forecasts
AVGO
Negative
The rising tensions between the U.S. and China could severely impact American semiconductor companies, as retaliation may lower revenues and increase operational risks. Investors should be cautious, as these market dynamics can lead to volatility in tech stocks.
WMT
Negative
American retailers, especially those highlighted by China's investigations, could see their stock prices negatively affected due to escalating trade tensions and potential sanctions.
Related News
December sales provide little cheer for retailers
Jan 6, 2025, 7:02 PM
Black Friday boosted monthly sales, but overall 2024 was a lacklustre year for retail, figures show.
Walmart doubles down on grocery as traditional rivals sputter
Jan 3, 2025, 6:00 AM
Walmart CFO John David Rainey explains why a growing number of customers are turning to them for their grocery needs. Rainey noted the new store experience is part of the reason.
As Retailers Offered Holiday Discounts, Shoppers Showed Up
Dec 26, 2024, 7:00 AM
Total spending from Nov. 1 through Dec. 24 rose 3.8 percent, data released by Mastercard SpendingPulse showed.