Financial Times (June 5)
“Just a month ago, multinationals and investors were looking forward to an agreement that would end the China-US trade war that has rocked global markets for the past year. Instead, talks broke down.” Donald Trump “further enraged Chinese officials by barring Huawei, the best-known Chinese telecoms company, from sourcing American components and technology.” China’s new list of unreliable entities appears to be in retaliation and it has panicked foreign investors. The “vague wording suggests Beijing could move against any person or organization.”
Tags: China, Enraged, Huawei, Investors, Markets, Multinationals, Panicked, Retaliation, Telecoms, Trade war, Trump, U.S., Unreliable entities