China trade war: Things are heating up
BUSINESS RECORD STAFF Jan 29, 2019 | 4:00 pm
1 min read time
207 wordsAll Latest News, Economic DevelopmentThe stock market fell Monday on some weak earnings reports, and some of the companies blamed the sagging China economy. With the tariff war dragging on and Wall Street growing tired of the drag, there is hope for some kind of deal at U.S.-China trade negotiations in Washington Wednesday and Thursday.
But the plot thickened Monday with the United States charging Chinese telecommunications giant Huawei with, among other things, conspiring to steal trade secrets and to sidestep sanctions against Iran.
Here’s a collection of stories that show what’s going on.
CNN: China slams U.S. over “unreasonable crackdown” on Huawei.
China calls foul; U.S. fears Huawei’s worldwide 5G wireless network will be used for spying.
Washington Post: U.S. announces charges against Huawei.
The 13 counts filed in New York City against Huawei, one of its officers and two related companies include charges of bank and wire fraud.
Business Insider: Here’s one problem with China’s promised U.S. shopping spree.
China wouldn’t have the cash, without becoming a debtor nation, to make good on a promise to President Donald Trump.
The Atlantic: The U.S.-China trade war isn’t going anywhere.
CNBC: U.S. names team for talks, China tells WTO U.S. tariffs are “blatant breach” of policies.