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The founder of Chinese tech giant said Tuesday he expects no relief from U.S. export curbs,
Beijing will take unspecified “necessary countermeasures,” the Cabinet said in a one-sentence statement.
The trade war with the U.S. and slowing economy in China pose difficulties at the moment.
The United States is delaying tariffs on some Chinese-made items and removing other Chinese imports from its target list altogether.
Europe braces for renewed hostilities with the United States over import tariffs.
The U.S. economy is slowing. Whether it goes into recession could depend on tariffs and trade disruptions.
The U.S. dollar offers a safe haven in times of investor uncertainty and fear.
The president has said again that China, not the U.S. consumer, pays the cost of tariffs. Economists say that’s false.
China’s government accused Trump of violating his June agreement with President Xi Jinping to revive negotiations aimed at ending a costly fight over Beijing’s trade surplus and technology ambitions.
Two months of massive demonstrations could be hampering tourism and international investment.