The U.S. president announces new tariffs covering virtually all Chinese imports a day after trade talks; Huawei reports year-on-year revenue growth but U.S. sanctions taking its toll; and financial holding companies to face capital requirements and a ban on non-financial activities according to draft rules.
Once again, high-level trade officials from the U.S. and China are back together; China plans to regulate e-cigarettes and vaping over fears of an addiction epidemic; and 11 measures have been introduced to open up financial market access and to scrap foreign shareholding restrictions.
Improved product safety is central to China's pivot to a consumption-led economy. New regulations, stiffer penalties, encouraging consumer complaints and even public shaming are all part of its strategy.
The recently held G-20 Summit had everyone excited about a truce between the U.S.-China trade disputes. However, it remains to be seen what the 90-day tariff halt will lead to. A few experts in the area share with us their thoughts on whether this new development will be an end to trade-war and if there is more to it than just the war on tariffs.
