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China's tobacco monopoly warns of profit hit from reduced US leaf imports

China's state-owned tobacco monopoly has warned of a significant drop in profits for the first half of the year due to reduced imports of U.S. tobacco leaves, which it attributes to ongoing trade tensions between China and the United States.

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Hong Kong-listed arm expects double-digit fall in top and bottom lines

A man smokes a cigarette outside a tobacco and liquor store in Beijing, China, on March 10. (Photo by Tomoki Mera)

KENJI KAWASE

June 19, 2026 18:22 JST

TOKYO -- The Hong Kong-listed arm of China's state-owned tobacco monopoly warned of a sharp decline in earnings for the first half, blaming a reduction in leaf imports from the U.S. amid trade tensions between the world's two largest economies.

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Source document: China's state-owned tobacco monopoly

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Nikkei AsiaIndependent🔒Center
China's tobacco monopoly warns of profit hit from reduced US leaf imports

China's state-owned tobacco monopoly has warned of a significant drop in profits for the first half of the year due to reduced imports of U.S. tobacco leaves, which it attributes to ongoing trade tensions between China and the United States.

Bias read (Center): The article presents a factual report on the financial impact of trade tensions on a state-owned enterprise without overtly favoring either side. It cites the company's warning and attributes the issue to trade tensions, but does not include commentary or framing that suggests a particular political

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