HKD/USD Price & Performance (HKDUSD)

President Donald Trump has unveiled "secondary tariffs," imposing a 25% penalty on countries trading with Venezuela. This move targets nations like China and Spain, aiming to disrupt Venezuela's oil market. Critics question its enforceability, while China has already retaliated with counter-tariffs on U.S. goods.1

The UK Financial Conduct Authority has approved the acquisition of Hargreaves Lansdown by CVC, Nordic Capital, and Platinum Ivy. The deal, subject to court approval, is expected to finalize soon, with trading of HL shares on the London Stock Exchange ceasing as of March 25, 2025.2

President Trump’s new tariff policy targeting nations trading with Venezuela has sparked backlash. China, Canada, and Mexico have responded with measures ranging from counter-tariffs to diplomatic negotiations. The policy is part of a broader strategy to exert economic pressure through unconventional trade tools.1