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'No One Will Burn His Own House': Samir Arora Takes A Jibe At Trump's 100% Tariff On China

'No One Will Burn His Own House': Samir Arora Takes A Jibe At Trump's 100% Tariff On China
Samir Arora has three decades of experience in investment management. (Photo source: NDTV Profit)
  • US President Trump announced a 100% tariff on China over rare earth export restrictions
  • Market veteran Samir Arora said the steep tariffs are unsustainable and will be withdrawn
  • US markets lost $2 trillion after Trump's rare earth export warning to China
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The trade war between the United States and China reignited last week on President Donald Trump flagged China's further crackdown on export of rare earth elements, prompting the US President to announce a 100% tariff on the Asian powerhouse.

However, the steep tariff on China is not expected to last long, according to the market veteran and founder of Helios Capital, Samir Arora. He argued that the fresh tariffs imposed on China are 'too high' and cannot be sustained without 'burning down one's own house'.

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