June 26, 2018

President Donald Trump is on the verge of escalating his trade war with China.

By the end of this week, the Trump administration is expected to release details of plans to restrict Chinese investment in American businesses and block the ability of US businesses to sell some high-tech products to China.

The purpose of the move is to sharply limit China’s access to cutting-edge US technology and thwart the country’s ambition to become the world’s greatest tech hub.

Analysts say the new policies will escalate already sky-high trade tensions between the world’s two biggest economies and are bound to provoke a forceful retaliation from Beijing. It comes after Trump announced on June 15 that his administration will impose tariffs on $50 billion worth of Chinese goods and after threats of tariffs on up to $400 billion more in the future.

Read more:

https://www.vox.com/world/2018/6/26/17500848/trump-china-trade-war-invest-export