Regulators have started targeting American companies in China by slowing down customs clearance for shipments and issuance of business licenses. He said officials might be worried companies may shift operations out of China in response to "aggressive retaliatory actions." (Leah Millis/Reuters)Friday's increase raised U.S. duties on $200 billion US of Chinese goods to 25 per cent from 10 per cent. Importers of another $50 billion of Chinese goods already were paying 25 per cent. 'It is no big deal'State media tried to reassure Chinese companies and consumers the ruling Communist Party has the resources and policy tools to respond.

Source: CBC News May 13, 2019 08:26 UTC