By Che Pan and Joe Cash BEIJING (Reuters) -China's top foundry SMIC said on Friday U.S. tariff policy had not led to a "hard landing" the company had initially feared and strong domestic demand would keep its production capacity tight until October.

President Trump’s executive order carved out a special tariff on goods shipped indirectly to the United States by way of other countries.

President Donald Trump's so-called reciprocal tariffs came into effect on Thursday, after months of on-and-off again threats from the White House as it bids to upend global trade. "It's midnight! Billions of dollars in tariffs are now flowing into the United States of America!