China responds with tariffs on US goods after Trump's tariffs on Chinese imports take effect
Published On Feb 4, 2025, 4:50 AM
China has announced new tariffs of up to 15% on various U.S. goods starting February 10, in retaliation to additional tariffs imposed by President Trump on Chinese imports. Trump's tariffs include a 10% hike on all Chinese imports, and 25% on others from Canada and Mexico as part of trade negotiations. China plans to challenge these U.S. tariffs at the World Trade Organization and has also imposed export controls on certain critical materials for technology and clean energy sectors.
Stock Forecasts
SPY
Negative
The imposition of tariffs is likely to escalate trade tensions between the U.S. and China, which can disrupt supply chains and impact companies dependent on trade between the two nations. This may negatively affect U.S. stocks, especially in sectors like agriculture, energy, and automotive, which are directly targeted by the new tariffs.
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