- China has vowed to "quickly react and take necessary steps" if the U.S. "harms its interests," hours before President Trump is likely due to unveil revisions to a tariff list targeting $50B worth of Chinese goods.
- Several rounds of negotiations failed to resolve U.S. complaints over China's industrial policy, market access and a $375B trade gap.
- Washington has also planned a second list of tariffs on $100B in Chinese goods, in expectation that Beijing will retaliate against its initial round.
- Shanghai -0.7% to 3,022.
- Previously: WSJ: Trump approves $50B in tariffs on Chinese imports (Jun. 14 2018)
- ETFs: FXI, KWEB, ASHR, YINN, CAF, EWH, CQQQ, YANG, MCHI, GXC, CYB, FXP-OLD, PGJ, CN, KBA, TAO, CHIQ, HAO-OLD, CHIX, TDF, QQQC, CNY, PEK, CHN, CWEB, CXSE, CHAU, XPP, CNXT, ASHS, AFTY, CHAD, FCA, YAO, YXI, GCH, FXCH, ECNS, CHIM, CHII, CHIE, KFYP, EWHS, JFC, FCHI, OBOR, ASHX, CNYA, FHK, HAHA, XINA, CNHX, KGRN, FLCH, FLHK, WCHN
- Now read: Chinese Inflation And Money Contributions To EMs
Original article