Hong Kong stocks fall as Trump hits China with $200bn tariffs

Some Asian markets up

clock • 2 min read

Hong Kong's Hang Seng was down in overnight trading on Tuesday after the US imposed a 10% tariff on around $200bn worth of Chinese imports, starting next week.

US President Donald Trump threatened to increase this rate to 25% by the start of next year if the two countries failed to agree a deal. This marks the biggest set of tariffs imposed on China so far with around 6,000 items including handbags, rice and textiles being targeted. China has vowed to retaliate with its own set of tariffs marking a dramatic increase in the tensions between the two nations. Trump said in a statement: "I urge China's leaders to take swift action to end their country's unfair trade practices. Hopefully, this trade situation will be resolved, in the end, by m...

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