Chinese stocks drop after Trump says 10% tariffs still on table
Published On Jan 21, 2025, 10:13 PM
Chinese stocks fell sharply after former President Donald Trump indicated that a 10% tariff on Chinese goods was still under consideration. His comments followed a period of relative calm regarding tariffs on China, contributing to a noticeable decline in the benchmark CSI 300 Index and the Hang Seng China Enterprises Index. Market analysts have noted that continued uncertainty regarding U.S.-China trade relations may impact investor sentiment.
Stock Forecasts
FXI
Negative
The recent comments from Trump about tariffs are likely to create uncertainty in the market, which could lead to further declines in Chinese stocks. This negative sentiment could persist until there is more clarity on U.S. policy regarding tariffs on Chinese goods.
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