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US Blocks Hormuz, Threatens 50% Tariffs on China

By Asia Times · Summarized & edited by · 2026-04-13
US Blocks Hormuz, Threatens 50% Tariffs on China

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Why it matters: The tariff threat could cut Chinese civilian exporters off a $9.96 billion market while US consumers and companies such as Apple and Tesla may face higher prices, and the Hormuz blockade threatens global oil flows, raising economic stakes for all parties.

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