Optimism about U.S. President Donald Trump’s approach to China was dampened by his recent comment that he’s still considering 10% tariffs, though this is less severe than his previous threat of 60%. This triggered a sell-off in Asian stocks, with the CSI 300 Index dropping for the first time in five days and the Hang Seng China Enterprises Index falling 1.6% on Wednesday. Chinese equities are particularly vulnerable to Trump’s trade comments, with the mainland’s economy, particularly its property crisis, weighing on the CSI 300. Despite sporadic rallies from government growth measures, the index has barely grown over the past five years, while stocks in advanced economies have seen strong returns.