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
The U.S. will release its September CPI data on Wednesday (October 14) Eastern Time, which will be one of the most important inflation reports ahead of the Federal Reserve's October 27-28
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 13, 2026. Read on for the details.
Impacted by a slump in South Korean stocks, Bitcoin prices dropped, but subsequently staged a strong rebound to recoup most of their losses.On October 13, Bitcoin (BTC) experienced a shar
Yen inches toward 159 as Tokyo reopens — where is the line in the sand before 160?USD/JPY traded around 158.5 on Tuesday after Monday's 158.60 close — the highest since September 24 — as Tokyo reopened and the market re-focused on two dates dominating the yen calendar: the G20 finance ministers' meeting in Bangkok on October 15 and the Bank of Japan's October 30 decision. Here are the three forces leaning on the yen, the positioning picture, and the scenarios into Wednesday's US CPI.
USD/JPY traded around 158.5 on Tuesday after Monday's 158.60 close — the highest since September 24 — as Tokyo reopened and the market re-focused on two dates dominating the yen calendar: the G20 finance ministers' meeting in Bangkok on October 15 and the Bank of Japan's October 30 decision. Here are the three forces leaning on the yen, the positioning picture, and the scenarios into Wednesday's US CPI.
Copper hits a two-week high on a Codelco supply halt — silver slips below $61 as CPI loomsLME three-month copper rose 0.56% to $14,618.50 a tonne on Monday — a two-week high — after a landslide at Codelco's El Teniente mine killed two workers and halted part of the operation; COMEX copper gained 1.04% to $6.7615/lb before easing back on Tuesday. Silver, meanwhile, slipped below $61 as precious metals marked time ahead of Wednesday's US CPI. Here are the levels, the supply story and the scenarios.
LME three-month copper rose 0.56% to $14,618.50 a tonne on Monday — a two-week high — after a landslide at Codelco's El Teniente mine killed two workers and halted part of the operation; COMEX copper gained 1.04% to $6.7615/lb before easing back on Tuesday. Silver, meanwhile, slipped below $61 as precious metals marked time ahead of Wednesday's US CPI. Here are the levels, the supply story and the scenarios.
Related Instrument
