China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.
Together, Japanese vehicle makers build more than a third of vehicles produced in the U.S., according to the data.
Autos are among the top U.S. exports to China, forming around 19% of global U.S. vehicle exports in 2017. In 2018, roughly 230,000 American-produced vehicles were sold in China.Chipmaker Samsung Electronics fell nearly 1.5% while its rival SK Hynix plunged 3.36%. South Korean trade is heavily dependent on China and the U.S., as the country is closely interlinked in the supply chains between the two giants. Semiconductors are the main intermediate product exported by South Korea.
France Dernières Nouvelles, France Actualités
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