Stock markets are again defeated against tensions between the US and China. On Friday, Trump announced that the US would impose tariffs on Chinese goods, mainly those made by theft of intellectual property.
In response, China announced it would impose a 25% import tariff on a total of 659 US goods. The total will amount to $50 billion, with $ 34 billion. will come into effect as early as 6 July and the remaining $16 billion. at a later stage. Market participants are of the opinion that the $ 16 billion in question. will only come into force if the US imposes additional duties on China.
Tariffs will be mainly targeted at the automotive and agrarian sectors.
Graphic: Used with permission of Bloomberg Finance L.P.
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