 "The effect of limiting Chinese firms from raising capital inside the US could be significant, as 156 Chinese companies were listed on American exchanges with a total market cap of $1.2 trillion at the start of the year photo: reuters")
Last week, the trade war shifted to the Atlantic, when the United States (US) announced higher tariffs on $7.5 billion worth of goods, mostly agricultural and industrial products, including textiles, foods, liquor and consumer goods. This followed a ruling at the World Trade Organization (WTO), favouring the US in a complaint regarding subsidies to Airbus by some European countries for making airplanes.
The announcement came when global markets were reeling under reports of a slowing US economy, moves to impeach the US president, uncertainties about Britain’s exit from European Union (EU), trade tensions between Japan and South Korea, and a rather
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper
