The People's Republic of China has just announced an additional 34% tariff on all imports from the USA, which will take effect on April 10. The retaliation is proportional to the tariff rate announced for China during "Liberation Day," although it is still lower than the total 54% imposed on China by Donald Trump.
Technology companies with significant exposure to China (in both production and sales markets) are seeing losses in after-hours trading. We are also observing an appreciation of the yuan and another spike in the volatility index.
The announcement has halted today's depreciation of the yuan. xStation5
The VIX volatility index is currently breaking another high. xStation5
US100 futures are extending their declines. Mag7 companies are posting deep losses in after-hours trading. xStation5
Market Wrap: EU chip stocks surge on Anthropic's earnings! AstraZeneca halts trials for lung cancer therapy (17.08.2026)
Morning Wrap: EURUSD at 2-month high! Rate hike bets keep shrinking (17.08.2026)
Daily Summary: EUR/USD tries to reverse the trend; Wall Street marks its third consecutive week of gains 🚨
⬇️Three Markets to Watch Next Week (August 14, 2026)
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
