China imposes 43.5% levy on imports of propionic acid from the US
Source Fxstreet
China’s Commerce Ministry on Friday imposed a levy of 43.5% on imports of propionic acid from the United States. Propionic acid is commonly used in food, feed, pesticides and medical fields.
The Ministry attributed the imposition of tariffs to an investigation that found the Chinese domestic propionic acid industry was "materially damaged."
China’s Commerce Ministry warned Thursday that It firmly objects to the US raising tariffs and will take all necessary measures to protect its rights and interests.
Market reaction
Despite the simmering US-China trade war, AUD/USD is unperturbed and scales higher amid a better market mood and broad US Dollar weakness. At the time of writing, AUD/USD adds 0.44% on the day to trade at 0.6445.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
ECB Policy Outlook for 2026: What It Could Mean for the Euro’s Next MoveWith the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
Silver Price Forecasts: XAG/USD drops below $75.00 after Trump - Zelenkyy’s meeting Silver (XAG/USD) has lost more than $10 since hitting a fresh record high near $86.00 on Monday’s early trading. The precious metal has retreated to levels in the $74.00 area at the time of writing, weighed by comments by US President Trump about the chances of a peace deal in Ukraine.
Silver (XAG/USD) has lost more than $10 since hitting a fresh record high near $86.00 on Monday’s early trading. The precious metal has retreated to levels in the $74.00 area at the time of writing, weighed by comments by US President Trump about the chances of a peace deal in Ukraine.
Token Terminal data revealed that smart contracts deployed on the Ethereum network hit an all-time high of 8.7 million in the fourth quarter of 2025.
Silver price (XAG/USD) has lost its nearly a 4.5% gain registered in the previous session, trading around $72.50 during the Asian hours on Wednesday.
Related Instrument
