Hong Kong's stock market experienced a decline of 106 points, or 0.5%, reaching 20,575 in early trading on Friday. This fall interrupts a three-day streak of gains, influenced by a downturn in U.S. futures and escalating tensions between the U.S. and China. The White House has declared that U.S. tariffs on Chinese goods are now at 145%, following a previous day rally prompted by President Trump's decision to postpone certain tariffs. Currently, the Hang Seng Index is headed for its fifth consecutive weekly loss, having decreased by nearly 10% this year. Market participants are keenly awaiting China's trade data for March, expected over the weekend, due to apprehensions that heightened tariffs may soon impact trade flows, including both exports and imports. Nonetheless, there is some mitigation of losses, fueled by the anticipation of new economic stimulus measures as high-ranking Chinese officials reportedly convened on Thursday to deliberate fresh support strategies, with regulatory bodies assessing measures to boost market confidence. On the inflationary front, China's Consumer Price Index (CPI) for March declined by 0.1% year-over-year, following a 0.7% drop in February. Notable declines were observed among Trip.com (-6.6%), Techtronic Industries (-4.2%), and Sands China (-3.3%), whereas Country Garden Holdings saw a 3.5% rise due to support for offshore debt restructuring initiatives.