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The Impact of the Trade War on Stocks
Sam Stovall, chief investment strategist at CFRA, and Jan Wantrobski, director of Janney Montgomery Scott, on the effect of the trade wars on the MARKET
The Chinese Ministry of Commerce announced on Tuesday that it was increasing "anti-dumping duty rates" for certain optical fiber products from the United States, as of Wednesday, July 11, according to Reuters. 19659004] The new anti-dumping duty rates for one type of single-mode optical fiber imported from the United States range from 33.3% to 78.2%, compared to 4.7% to 18.6% in 2011.
companies in Corning, FSO Fitel and Draka Communications Americas, according to the ministry.
US tariffs on $ 34 billion of Chinese goods came into effect on Friday, July 6, and were quickly offset by China's tariff on US goods.
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