Trump’s latest threat against China has hit European markets.
Fears of a trade war between America and China have ratcheted up another notch, hitting confidence in the markets.
Overnight, it’s emerged that President Donald Trump is drawing up a fresh crackdown on Chinese investment in the US.
New rules, which could be announced within days, would prevent firms with at least 25% Chinese ownership from acquiring American companies involved in ‘industrially significant technology’, such as robotics, electronic cars, and aerospace.
Trump is also planning to restrict US companies from selling certain technologies to China, using “enhanced export controls”, according to the Wall Street Journal.
Such a move would further damage relations between Washington and Beijing, following the threat of tit-for-tat tariffs.
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Source: BBC
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