- President Donald Trump hit back at China on August 23, 2019, in their mounting trade war, raising existing and planned tariffs in retaliation for AFP/Getty ImagesThe US-China trade war is spinning out of control, spreading into new areas. At least that’s the impression one gets, following a couple of moves by Washington on Tuesday, upping the trade war game with Beijing. Like blacklisting several technology facial-recognition and artificial intelligence (AI) technology companies, including Hikvision, Megvii Technology, iFlytek Co and SenseTime. Ted Bauman, senior analyst and economist at Banyan Hill Publishing, sees Washington’s new moves as an effort to apply maximum pressure on Beijing, as trade talks are about to resume. “The most recent news from the Chinese side is that they’re are no longer interested in a grand bargain on trade, and will only focus on short-term issues.”What does it mean for the future of trade talks?

Source: Forbes October 09, 2019 00:00 UTC