China imposes retaliatory measures against 12 US companies and their senior executives
Source Fxstreet
China announced on Wednesday that it will impose countermeasures against 12 American companies and their senior executives, as trade tensions between the world’s two biggest economies mount.
The retaliatory measures will include freezing movable, immovable, and other types of assets in China.
This comes in retaliation to the White House announcement on May 14, stating that the US will hike tariffs on Chinese chips and electric vehicles.
Reports are crossing the wires now that many of those tariffs will be effective from 1 August. Further, it is reportedly said that there will be public comments on new China tariffs, with June 18 as the deadline.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
As of the Asian session on June 12, gold ( XAUUSD) prices oscillated lower near $4,180. Yesterday, gold prices briefly dipped toward $4,000 before rebounding sharply above $4,200 on news
West Texas Intermediate (WTI) oil price remains subdued after registering over 5.5% losses in the previous day, trading around $85.00 per barrel during the Asian hours on Friday.
Perpetual contracts and pre-market tokens for SpaceX are attracting liquidity from the cryptocurrency market, hindering a further rally in Bitcoin.On June 11, Bitcoin ( BTC) continued to
On June 10, Eastern Time, spot gold ( XAUUSD) fell through the $4,100 level during intraday trading after four consecutive sessions of selling, nearing the $4,000 psychological threshold;
The U.S.-Iran conflict continues to escalate, driving oil prices sharply higher. On Wednesday, Brent and WTI crude futures both closed higher, breaching $90 per barrel. During Thursday's
Related Instrument
