DeepSeek vs Trump tariffs: how will China’s markets react in the Year of the Snake?

Quick Summary:

Investors are likely to tread lightly as trading commences in the Year of the Snake, as they await the outcome of Trump-Xi talks.

After the Trump administration unveiled a 10 per cent tariff on Chinese exports over the weekend, Beijing retaliated on Tuesday, imposing tariffs of 15 per cent on US coal and liquefied natural gas, as well as 10 per cent on crude oil, agricultural machinery, high-emission cars and pickup trucks.

Its performance proved to be on par with ChatGPT, the generative AI chatbot developed by global leader OpenAI.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Daniel Ren

Category: Business

Markets: Hong KongChina

Topics: China’s Year Trump React Deepseek Tariffs: Chinese Investors Markets Snake Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-05 @ 07:30:12 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 309 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 25899379

View Article Analysis

About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 12 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 2 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions