7 years ago

US-China Trade War - Stocks reacted negatively

USA president Donald Trump Announced most controversial trade tarrifs against chinese products. In retaliation Chinese government also impose trade tarrifs against USA products. As a result, Stock market react negatively. Asian market dips as soon as the news spread.

Japanese Nikkei dips as much as 4%. Hong Kong's Heng Seng decline about 2.5%. China's Shanghai Composite fell as much as 4.7 percent. All of the stock market shows the same trend. Moreover, China is planning to impose trade tarrifs to as much as 128 USA products.

It is not a good news for the global economy, When two biggest economy clashes each other. China is planning to take legal action as per world trade organization rules. Nobody knows what is going to happen. China is reacting cautiously till now. it is better to sit on a table and find out a solution. otherwise, Everyone is going to suffer.

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