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Hang Seng Index trims some losses in worst week in years amid trade war

  • President Donald Trump confirmed a 125 per cent tariff on Chinese goods, raising the total to 145 per cent due to a trade war.
  • Beijing responded by matching tariffs on imported US goods, affecting various industries and consumer prices, including electronics and medicines.
  • Dr Lovely warns that US farmers will suffer the most from retaliation, as agriculture is a vital export to China.
  • Chinese President Xi Jinping stated that there are 'no winners in a tariff war,' indicating ongoing tensions in trade relations.
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charter97.org broke the news in on Thursday, April 10, 2025.
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