By Iris Pang, Economist, Greater China
China-US tensions have spread beyond trade
China-US trade tensions deteriorated quickly after President Xi requested dignity in the trade talks, and both sides increased tariffs on each other. The US raised tariffs from 10% to 25% on the existing $200 billion goods, and China has increased tariff rates to 10% to 25% on $60 billion goods imported from the US.
Away from trade, US added Huawei, the Chinese pioneer in 5G, into its 'entity list', which deters US companies from buying and selling goods and services with Huawei. The