China hits the US with tariffs
Any unilateral threat or blackmail will only lead to intensification of conflicts and damage to the interests of all parties
Rates ragen from 5%m 10%, 20% and 25%
China reserves the right to introduce additional tariffs
Implementation of new tariffs subject to US actions
China said the measure is to guard its interests and to keep trade frictions from escalating
This is more of a threat to place them if the US does than imposing them. Still, it raises the stakes in the trade war.
The PBOC earlier raised FX forward reserve requirements, making it tougher to bet against the yuan (or hedge). That improved sentiment but this has reversed that move.
