The sudden deterioration in trade talks between the United States and China last...
SHANGHAI - The sudden deterioration in trade talks between the United States and China last month has ratcheted up concerns among U.S. firms that the dispute could go beyond tariffs and affect business in the long-term.
Further rattling nerves are Beijing’s plans to unveil an unprecedented hit-list of “unreliable” foreign firms, groups and individuals that harm the interests of Chinese companies. China’s commerce ministry announced the move on Friday without singling out any country or company. “At the moment many of our companies are wondering whether this is an attempt by the Chinese government to increase their potential leverage in the trade negotiations, or if it’s an actual effort to force companies into an unenviable position of choosing between the two markets.”Analysts said U.S.
“Right now there’s a lot more concern that the situation regarding the negotiations has become so unstable and so emotional, when or if there’s going to be a resolution.” Even some British firms had sought advice, he added, saying they were expressing worry over U.S. President Donald Trump’s visit to Britain this week, when he is expected to demand that Prime Minister Theresa May’s successor ban Huawei from 5G networks.
“It would not be inconceivable that China will look at, for example, large retail brands that are operating here and saying, well maybe they should also have fire code violations too. That would create immediate harm to a lot of businesses,” Cavender said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China to probe FedEx after Huawei says parcels divertedChina will investigate whether FedEx Corp damaged the legal rights and interests...
Read more »
FedEx Caught in U.S.-China TensionsChinese authorities were reported to be investigating FedEx over allegations it damaged the interest of customers, in the first action against a U.S. company amid heightening tensions over trade and technology.
Read more »
China and U.S. clash again on trade and regional securityChina and the United States clashed again this weekend on trade and security, ac...
Read more »
China says U.S. not in position to make judgment on other countries' currenciesChina hopes that the United States will not conduct unilateral assessments of ot...
Read more »
Exclusive: Pile drive - China expected to divert outstanding U.S. soybean cargoes into reservesChina will stockpile up to 7 million tonnes of soybeans bought from the United S...
Read more »
China announces South China Sea military training exercisesBEIJING (AP) — China began two days of military training in the South China Sea Sunday, as its defense minister warned that China's armed forces would 'resolutely take action' to defend Beijing's...
Read more »
Taiwan urges China to 'repent' for Tiananmen, China paper says event is merely historyChina must 'sincerely repent' for the bloody crackdown on pro-democrac...
Read more »
Beijing to investigate FedEx for 'damaging rights of Chinese clients' amid Huawei disputeAccording to Xinhua, FedEx failed to deliver express packages to designated addresses in China, 'seriously damaging the lawful rights and interests of its clients and violating laws and regulations governing the express industry in China.'
Read more »
FedEx Misrouted Huawei Packages After Changes to Internal ProtocolsChanges to FedEx’s internal protocols to comply with the Trump administration’s crackdown on Huawei Technologies caused the delivery giant to misroute two of the Chinese company’s packages to the U.S.
Read more »
Chinese media turning up the heat as US-China trade war drags onChina's state media had been mum on the trade dispute. But now, the rhetoric is heating up and popular American content, like the 'Game of Thrones' finale, are blocked.
Read more »
Jamie Dimon warns US-China trade fight becoming a 'real issue' that could deter investment“Trade has gone from being a skirmish to being far more important than that,” Dimon said. “If this goes south in a bad way, and you have other surprises, that could be part of the thing that changes confidence, changes peoples’ willingness to invest.”
Read more »