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Message: <blockquote data-quote="Coralin96" data-source="post: 2327" data-attributes="member: 15">I promise I'm still alive! Sorry for the late one today guys, although this story brought me back <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite7" alt=":p" title="Stick Out Tongue    :p" loading="lazy" data-shortname=":p" />Trump's new round of tariffs on ChinaThe Story: Donald Trump has announced that he will impose a 10% tariff on $200bn worth of tariffs on Chinese exports. This is more than half of all Chinese imports. The news dashed hopes that the two sides would come to a settlement. Impact on businesses and law firmsThese tariffs are far bigger than Trump's previous rounds of tariffs and they affect a wider range of goods.  The Chinese stock market did not react to too much to the news. This is possibly because Trump declared he would only impose 10% tariffs instead of the 25% he threatened before. The clarity gives equity investors certainty on what will happen.This whole trade war however has had an impact on Chinese stocks. Investors are looking for companies with healthy profits and are becoming averse to risks. Technology stocks also dropped as there are fears that Trump's tariffs war could impact their sector. For example, shares in Apple fell 2.75 and Amazon saw a 3.2% fall. The value of global currencies also fell.Relations between the two countries are at their worst in 40 years. China also has tools in its disposal, should it wish to use them. for example, it could regulate US companies in China, rejecting proposed takeovers under competition law. It could also impact US law firms trying to operate in the region.</blockquote>

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