The Biden administration is expected to make a major announcement on China tariffs as soon as next week that will impact semiconductors, solar power, and electric vehicles, according to Bloomberg, citing people familiar with the matter. While the possibility of additional tariffs has been widely known, the specific industries to be targeted have now been identified. Moreover, Beijing will likely release angry comments after Biden's speech next week, followed by a tit-for-tat response.
And that fluctuation to us is really an opportunity to add or reduce risk but not a reason to stay away from the market overall' ANZ Banking Group Khoon Goh News of the US imposing more tariffs against some Chinese imports has seen the yuan weaken slightly The threat of more tariffs have been known, but if the final outcome is for a more targeted approach, then there is unlikely to be much of a lasting effect on the yuan Maybank Fiona Lim 'You can't say that this was not expected.