Trade tensions mount ahead of Trump-Xi summit
The US has imposed more tariffs on Chinese goods, blacklisted dozens more Chinese companies, and banned new Chinese humanoid robots.
Trade tensions are escalating ahead of the upcoming US-China summit, according to recent reports. The United States has recently imposed additional tariffs on Chinese goods, added more companies to a forced labor blacklist, and banned new Chinese humanoid robots. In response, China has tightened approvals for the export of rare earth products, a crucial bargaining point during their last summit in Beijing, which resulted in an uneasy trade truce.
Former Obama administration adviser Ryan Hass noted that Chinese officials have been left with the impression that US President Donald Trump has not provided clear direction to his team. Another former US trade negotiator added that the main objective now appears to be maintaining the truce.
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