Trade: Chinese and Trade Talks

trade: Photo AFP As the trade war between China and the US continues to escalate, with the latter constantly raising the stakes and widening the battle, Chinese officials could be considering all options to strike back, including targeting big US corporations, analysts have suggested, according to Global Times China. While there is limited room for China to continue the tit-for-tat tariff war with the US due to a massive trade surplus, there are many US companies that rely heavily on the Chinese market, giving Chinese officials an option they have so far been reluctant to take but increasingly pushed to do so, they noted. Asian markets fell as charges against Chinese tech giant Huawei in the US cast a shadow over upcoming trade talks, while investors were also tracking a Wall Street sell-off. Despite seemingly softer tones from some US officials, Washington continued to escalate the war, preparing for more tariffs on Chinese products and seeking to expand the war to more areas, as shown in its ban on Chinese tech firm Huawei. Chinese officials have been tight-lipped about China's potential countermeasures. In Beijing, officials remain defiant and resolute in beating back US pressure, vowing to implement necessary measures to protect its national interest and its companies. (news.financializer.com). As reported in the news.