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Hong Kong and other major stock markets in the Asia-Pacific region were trading lower as US President Donald Trump’s hefty tariffs on China took effect on April 9, 2025, following a rebound the previous day. Amid an escalating global trade war, Trump applied an additional 50 per cent tariff on Chinese imports, pushing the total levy on many goods from China to 104 per cent. Post managing editor Eugene Tang has more on the levies and the resulting roller-coaster ride for global stock markets.
