China The additional duties of 34% on the goods were slapped, which will be implemented on April 10. It also announced some rare-level export export curbs and added to US companies in its export control list and “Unreliable Entrance” lists, which allow Beijing to be disciplinary action.
The action was announced on Wednesday by US President Donald Trump’s 34% duties on imports from China, which accelerated the big market meltdown on Thursday. The latest was taken on top of 20% tariffs on China imposed earlier this year.
Investors demanded destruction for potential supply chain disturbances, prices rise and everything from cars and smartphones to sneakers.
Shares of Tesla and Apple Pal – Customer tech companies in China were 8% and 4%, respectively. While both companies have local production in China, duties on the US imported parts can squeeze the margin and increase prices.
Living events
“Many tech companies have established a local supply chain in China. Most source components from China should already be controlled, and therefore, we expect to raise prices on parts and components from China,” said Nishant Udupa, a practice director of research company Everest Group.
For Tesla, bruising prices with already local Chinese rivals will increase the demand for higher demand.
“Apple Pal’s smartphone sales have been falling in China for some time, facing rising, cheaper competition. Therefore, Suznah Street, head of Hargravs LNS Nsdown’s money and markets, said that the possibility of imposing vertical duties is likely to be reduced faster.”
Shares of Alphabet, Micros .fat and Amazon.com were subdued as they came in limited contact in China.
G.E. Healthcare stock has slipped nearly 13%following China’s export control over rare-earth metal used in MRI scan. US And the import of anti-dumping investigations into the import of some medical city tubes from India has increased the country’s declaration.
Chip stock
Chip companies are also ready to face headwinds, though the U.S. Exports very small amounts of electronic equipment to China. Intel, applied materials and shares of Qualcomm, all of which are counted on China for at least 30% of income, they are 5% to 8%.
According to Economic Data Provider Trading Economics, the US exported more than $ 15 billion electrical and electronic equipment in China in 2024, according to economic data provider Trading Economics, most costs from integrated circuits, transistors and other semiconders. In addition, the US imported more than $ 127 billion in electronic equipment from China last year.
Udupa said, “Semiconductors are experiencing more impact … We are already developing a domestic ecosystem in China, with direct alternatives to every major semiconductor pay FIRM in the US. This trend is likely to accelerate.”
Natural resources
Crude prices, expected in May, have been added to the loss, under additional pressure, the expected OPEC+ oil output.
Oil Majors Exhaon and Chevron dropped more than 5%. Top Oilfield Service Company S.L.B. 10%fell, and volume, the largest US by Marathon Petroleum Refiner dropped 6%. Chemicals company Dupont slid 12%.
PVM analysts Teenas Vargaga said, “The trade war increased, fear of recession increases and as a result the demand for oil has increased.
Last year Despite the decline in import of farm goods, the US China is also the largest market for agricultural products.
Shares of top grain traders, such as Archer-Dhaniels-Midland, were down 8% while the construction was 6% below. Fertilizer companies fell 10% and 8% respectively, mosaic and CF industries.
US China’s tariff on soybean exports will increase costs to local customers, especially animal feed manufacturers and ask the country to make the country more than Brazil and Argentina, Morningstar analyst Seth Goldstein said.
Maq
The stocks of banks have fallen since Thursday. The industry has been cloudy with fear that trade disputes can angry with consumers’ confidence, reduce costs, weaken the demand for loans, and pressure fees on deal.
JP Morgan Chase, the largest bank in the US by property, was 7%sinking. Valle Street Titons Goldum Sachs S -S and Morgan Stanley reduced more than 7%.
System
Heavy machinery manufacturers have fallen 5% and 4%, respectively, on the demand for one of their largest foreign markets.
China is a big buyer of construction and agricultural equipment and is a key player in global structural costs.
Loose
Trump said stocks of large luxury and footwear companies attacked after Vietnam leader LAM leader offered to reduce tariffs on US imports. Ralph Lauren’s stock rose 2.5%, while Tapestry rose by 3.6%.
Naik increased 4%, Roger Federer-Commerce 7.2%and Lulemon Athletica increased by 3%. Shares were initially declining after a revenge tariff by China, a big income contributor.
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