Hong Kong stocks opened lower on Friday after the White House clarified tariffs against China are at 145%.
The Hang Seng Index fell 1.14% to 20,446.35 on Friday morning from Thursday afternoon's close of 20,681.78. The Hang Seng China Enterprises Index declined 0.39% to 7,638.24 from 7,668.38.
Trump's latest executive order increased tariffs against China to 125% from 84%.
An official at the White House said the 125% tariff on Chinese imports comes on top of a 20% tariff imposed by the administration of US President Donald Trump related to fentanyl, according to a CNBC report.
Meanwhile, Trump's tariffs against China have made it "impossible for anyone to do business," the South China Morning Post reported Thursday, citing Steve Chuang Tzu-hsiung, chairman of the Federation of Hong Kong Industries.
"The biggest challenge for Hong Kong businesses now is, if you continue production in mainland China, do you ship or not? Will the American buyers cancel," the SCMP quoted Chuang as saying.
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