China announced on Wednesday that it would retaliate against the United States by imposing a 25 percent charge on $16 billion worth of U. S. goods.
Asia markets were set to open slightly lower on Thursday after the U. S. markets were mostly little changed overnight following the unveiling of new Chinese tariffs on American goods.
Australia’s SPI futures traded at 6,207, which was a touch lower than the ASX 200’s last close at 6,268.5.
Nikkei futures in Chicago and Osaka traded around 22,570 compared to the benchmark index’s previous finish at 22,644.3.
“There was a lack of data overnight with the market focusing on trade tension between the U. S. and China,” David Plank from ANZ Research said in a morning note.
Beijing said on Wednesday that it will retaliate against the latest round of U. S. tariffs on Chinese imports. The Chinese Ministry of Commerce announced a 25 percent tariff on $16 billion worth of American goods. The 333 goods being targeted by China include vehicles such as large passenger cars and motorcycles.
