Trump is Allegedly Considering Delisting Chinese Stocks From US Exchanges, According to Rumours
Treasury Secretary Scott Bessent, when questioned about this possibility, stated that everythings on the table, indicating that such measures are under consideration but not yet decided upon.
This rumour follows the White Houses recent clarification that cumulative tariffs on Chinese imports have reached 145%. The breakdown includes a 125% duty, with an additional 20% tariff related to concerns over fentanyl trafficking.
The stock market has reacted to these escalating trade measures. Following the tariff announcements, U.S. stocks experienced significant volatility, with the Dow Jones Industrial Average dropping over 2,180 points intraday before partially recovering. The S&P 500 and Nasdaq-100 also posted sharp losses of up to 6% and 7%, respectively.
In retaliation, China has imposed an 84% tariff on U.S. goods and is actively seeking alliances with other nations to counter U.S. economic pressures. However, many countries are hesitant to align with China due to past disputes or differing interests.
While the notion of delisting Chinese firms remains speculative, analysts caution that such a move could lead to increased market volatility and further deterioration of U.S.-China relations. Immediate action appears unlikely, but the situation underscores the administrations commitment to addressing trade imbalances and national security concerns.
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Text source: Coindoo
