It has been a long time coming, and now it finally happened: the United States is imposing tariffs on as much as $60 billion worth of Chinese goods, and China swiftly retaliated with a proposal to impose tariffs on $3 billion worth of U.S. goods. While it still remains unclear where this will eventually take us, it’s safe to say that it represents one step closer to a trade war between China and the United States.
The S&P 500 took a hit as a result, dropping some 2.5%, with the SSE Composite Index having dropped over 3% as of writing this. While stocks are down across the board, some travel stocks have taken a harder beating than others, among them, Air China (-4.97%), China Southern Airlines (-6.99%), and on the U.S. side, Boeing (-5.19%).
While it’s too early to say exactly what will come of the United States’ first move against Chinese mercantilist policies, Jing Travel has discussed the potential ramifications of a trade war at length in its previous reporting, a selection of which is republished below. In short, there’s no reason for panic, but there’s plenty of reason to stay informed
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