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<Research>Citi Sees No Substantial Easing in US-CN Tariff Dispute So Far; Tensions May Spread Further
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According to a Citi research report, the US announced last Friday (11th) the exclusion of 20 product categories, including smartphones, computers, chips, and some semiconductor manufacturing equipment, from the "reciprocal tariff" arrangement. The value of goods under coverage accounts for around US$100.2 billion (22.8%) of the total amount of US imports from China in 2024. If this exemption continues, it is expected that it will reduce the impact of US tariffs on China's GDP by about 0.4 ppts. However, Citi pointed out that while the US-China tariff dispute may have peaked out, no substantial signs of easing have occurred so far, and tensions may spread to service trade, finance, and other areas. AAStocks Financial News |
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