Chinese stocks fall away after Trump threatens to impose custom duties 10%

Chinese stocks fell after US President Donald Trump declared that his threat to impose customs duties with 10% on Chinese goods is still proposed and implemented next month. The CSI 300 index (CSI 300) was witness to the first drop in five days after Trump’s statements in which he linked the imposition of customs duties to “send China Fintanil to Mexico and Canada”. However, 10% is much lower than 60% that Trump has undertaken to impose all Chinese goods during his election campaign. Warnings of the consequences of the new fees, Shin Yao NG, the investment manager of the “ABRDN PLC” business in Singapore, explained that “the situation will become more difficult than now. It is a reminder that Trump will take real steps as the first day of his mandate can lead the wrong impression on some of the stimulating. The CSI 300 index fell by 1.3%, while the Hang Seng China Enterprises index, which detects the shares of the Chinese Main continent in Hong Kong, is 1.6%. His new mandate on Monday did Trump issue no decisions to impose new customs duties targeting China, despite the fact that by February 1 he intended to impose his 25% fees on the goods led by Canada and Mexico on the day of Trump’s inauguration, which was Trump to an increase in the MSCIIndex.