China’s Markets Under Threat From Risk of Renewed US Trade War

The prospect of a revived trade war between Beijing and Washington is threatening to undermine this year’s blistering rally in Chinese stocks and weigh on the yuan.

Global equities took a hit on Friday after US President Donald Trump warned he would impose a “massive” increase of tariffs on Chinese goods. He later said he would put an additional 100% tariff on China from Nov. 1, as well as place export controls on critical software. His reaction came after Beijing unveiled curbs on the export of rare earths earlier in the week.