#china-tariffs

#china-tariffs

As if speaking with NATO members, he said: "It greatly weakens your negotiating position, and bargaining power, over Russia." Since 2023, NATO member Turkey has been the third largest buyer of Russian oil, after China and India. according to the Centre for Research on Energy and Clean Air. Other members of the 32-state alliance involved in purchasing Russian oil include Hungary and Slovakia.

The 40% tariff on transshipped goods suggests that even if tariffs on China are eventually reduced, they're unlikely to fall below that threshold.

"This is the dream scenario for tech investors," Dan Ives, the global head of technology research at Wedbush Securities, posted on X. "Smartphones, chips being excluded is a game-changer scenario when it comes to China tariffs."