In a looming trade war between the world's two largest economies, American companies in China may have a bull's-eye on their backs. As the two sides exchange threats of tariff hikes, their lopsided trade balance means China will run out of imports for retaliation before President Donald Trump does. Chief among those is harassing American companies that make autos, operate restaurant chains, sell computer software and do other business in China's heavily regulated economy. China is the final major government withholding approval of Qualcomm's proposal for its $44 billion acquisition of rival NXP Semiconductors. Beijing also has potential support from American companies and business groups that have criticized Trump and favor globalization.

Source: ABC News May 06, 2018 02:24 UTC