Wednesday, 27 June 2018

Trade War: Trump Targets China, Again

The President's trade war with China continues to heat up. President Trump is now planning on barring a list of Chinese companies from investing in U.S. technology firms. The administration also plans to block certain technology exports to Beijing.Now China is reacting by freeing up to 100 billion dollars in its central banks to shore up the nation's small businesses. Chinese officials fear restrictions on U.S. investment may hurt its own national economy. RT America’s Manila Chan analyzes with Commissioner Bart Chilton host of Boom Bust.

US companies exported their technology into China in order to make more profitable products, now Trump is unwinding what happened.

[Posted at the SpookyWeather blog, June 27th, 2018.]

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