(Express) China’s stock market has taken a tumble in recent months after it was hit by US trade tariffs, but what happens to US stocks when the Chinese market gets battered? When the Chinese markets fall, it has repercussions for the US market. The Chinese stock market has been hit badly by US tariffs which came into effect in July, which are making it more costly for companies to operate there,
prompting China’s central bank to pump money into its economy. In turn, China has hit back and imposed tariffs on up to $60 million worth of US goods. But the White House said it would respond to any retaliation from Beijing with more tariffs on Chinese exports, as President Trump is placing pressure on China for what he considers unfair trade practices. READ MORE
