Chinese Markets Unfazed by US Tariff Hike Amid Trump’s Threats on Trade
Washington’s move to raise tariffs from 10 percent to 25 percent on $200 billion worth of Chinese goods took effect on Friday, with Beijing expressing its disapproval of the decision and warning that it would be forced to retaliate. News of a fresh spike in US tariffs on Chinese imports had little impact on Chinese stocks and the yuan, which ended on a high note in Friday trading...