What's good for Hong Qian stocks.
A tariff is a tax levied on importing exporters by a government-established customs office when imported exports pass through a country's customs territory.
Tariffs are generally high level taxes with rates set by the highest administrative unit of the country. For countries with well-developed foreign trade, tariffs are often the main source of revenue for the country's taxes and even the national treasury. Governments may impose tariffs on imported and exported goods, but import tariffs are the most important and primary trade measure.
General equipment, special machinery and instruments in the machinery sector will benefit if the corresponding U.S. additional tariffs on China are canceled; electrical equipment in the power and new energy sectors; black appliances in the home appliance sector; optics, photovoltaics and electronic components sector; medical equipment in the medical sector; and automotive parts and components, passenger cars, commercial vehicles and other industries in the automotive sector.
The round of trade friction between the United States and China, which originated in 2018, has been more than four years now. According to the results of the "301 investigation", large-scale tariffs will be imposed on imports from China, and restrictions on Chinese companies to invest in the United States and mergers and acquisitions. Trump told the media before signing the White House that the scale of Chinese goods involved in the tax could be up to 60 billion U.S. dollars. China, of course, has also taken steps in response to the ongoing US trade war as a response to US hegemony.
The removal of trade barriers is good for both China and the United States, influenced by the current world situation and the United States' own inflation. I hope this measure will be reached as soon as possible.