Trump has imposed a cumulative tariff of 104% on China, and China has followed through
On April 7th local time, US President Trump stated on social media that if China fails to lift the 34% tariff by the 8th, the US will impose a further 50% tariff on all Chinese products starting from the 9th.
On the 8th, in response to the threat of the US side to impose a further 50% tariff on China, the spokesman of the Foreign Ministry said that the Chinese did not cause trouble and were not afraid of it. Pressure, threat and blackmail were not the right way to deal with China. If the United States disregards the interests of both countries and the international community and insists on waging a tariff war or trade war, China will surely accompany it to the end. The spokesperson of the Ministry of Commerce stated that if the US escalates its tariff measures, China will resolutely take countermeasures to safeguard its own rights and interests.
On April 9th, White House Press Secretary Caroline Leavitt announced that starting from 12:01 am on April 10th, the United States will impose an additional 50% tariff on all Chinese imports, bringing the total tariff for this year to 104%.
The tariffs imposed this time include a 34% tariff on April 2nd, a previously effective 20% tariff, and an additional 50% tariff. On this basis, adding an additional 50%, the US tariff on all Chinese goods will reach 104%.
On the 8th, A-shares entered a rebound mode, led by high consumption and continued to rise in the direction of anti tariff measures. The Shanghai Composite Index closed up 1.58% at 3145.55, the Shenzhen Component Index rose 0.64% at 9424.68, the ChiNext Index rose 1.83% at 1840.31, and the Beijing Component Index rose 4.82% at 1094.39. On the market, over 3200 individual stocks rose, with 127 stocks hitting the limit up.
On the same day, the People's Bank of China and the Central Huijin Company simultaneously spoke to maintain the stable operation of the capital market. Central Huijin Corporation has clearly defined itself as a "national team" in the capital market, playing a role similar to that of a "stabilization fund". The central bank stated that it will provide sufficient refinancing support to Central Huijin Corporation when necessary.
Central state-owned enterprises such as China Chengtong, China Guoxin, and China Electronics Technology Group have collectively announced their actions to increase their holdings of Chinese stock assets and maintain the stable operation of the capital market. Among them, China Electronics Technology Group Corporation (CETC) announced that it has completed the repurchase of more than 2 billion yuan of its listed company stocks. China Guoxin Investment Co., Ltd., a subsidiary of CETC, stated that it will increase its holdings of central enterprise stocks, technology innovation stocks, ETFs, etc. through special refinancing for stock repurchase and repurchase, with an initial amount of 80 billion yuan.
At the same time, the European Union has planned to impose tariffs on the United States, and Trump has single handedly sparked a global tariff war. However, many American economists are not optimistic about Trump's tariffs and claim that this move will benefit the Trump family.
On the 8th, in response to the threat of the US side to impose a further 50% tariff on China, the spokesman of the Foreign Ministry said that the Chinese did not cause trouble and were not afraid of it. Pressure, threat and blackmail were not the right way to deal with China. If the United States disregards the interests of both countries and the international community and insists on waging a tariff war or trade war, China will surely accompany it to the end. The spokesperson of the Ministry of Commerce stated that if the US escalates its tariff measures, China will resolutely take countermeasures to safeguard its own rights and interests.
On April 9th, White House Press Secretary Caroline Leavitt announced that starting from 12:01 am on April 10th, the United States will impose an additional 50% tariff on all Chinese imports, bringing the total tariff for this year to 104%.
The tariffs imposed this time include a 34% tariff on April 2nd, a previously effective 20% tariff, and an additional 50% tariff. On this basis, adding an additional 50%, the US tariff on all Chinese goods will reach 104%.
On the 8th, A-shares entered a rebound mode, led by high consumption and continued to rise in the direction of anti tariff measures. The Shanghai Composite Index closed up 1.58% at 3145.55, the Shenzhen Component Index rose 0.64% at 9424.68, the ChiNext Index rose 1.83% at 1840.31, and the Beijing Component Index rose 4.82% at 1094.39. On the market, over 3200 individual stocks rose, with 127 stocks hitting the limit up.
On the same day, the People's Bank of China and the Central Huijin Company simultaneously spoke to maintain the stable operation of the capital market. Central Huijin Corporation has clearly defined itself as a "national team" in the capital market, playing a role similar to that of a "stabilization fund". The central bank stated that it will provide sufficient refinancing support to Central Huijin Corporation when necessary.
Central state-owned enterprises such as China Chengtong, China Guoxin, and China Electronics Technology Group have collectively announced their actions to increase their holdings of Chinese stock assets and maintain the stable operation of the capital market. Among them, China Electronics Technology Group Corporation (CETC) announced that it has completed the repurchase of more than 2 billion yuan of its listed company stocks. China Guoxin Investment Co., Ltd., a subsidiary of CETC, stated that it will increase its holdings of central enterprise stocks, technology innovation stocks, ETFs, etc. through special refinancing for stock repurchase and repurchase, with an initial amount of 80 billion yuan.
At the same time, the European Union has planned to impose tariffs on the United States, and Trump has single handedly sparked a global tariff war. However, many American economists are not optimistic about Trump's tariffs and claim that this move will benefit the Trump family.
