China retaliatory tariffs add to Intel woes; QCOM to also take a hit
Friday, 4 April 2025 () Intel Corp (NASDAQ: INTC) is inching down further on Friday after China delivered on its promise of slapping retaliatory tariffs on American goods. From April 10, all US products will now face a 34% tariff in Beijing. Intel stock is losing primarily because the struggling chipmaker has significant revenue exposure to China, which could make […]
China imposes retaliatory 34% tariff on imports of all US goods
China's move comes in response to US tariffs, totalling 34% on Chinese goods, announced by Washington this week.
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The U.S.–China economic war escalates as Beijing hits American goods with a 34% tariff. President Donald Trump swiftly retaliated, slamming China for “panicking” and announcing harsher tariffs..