U.S. Firms Caught in the Crossfire in Trade War with China
Jun 20, 2018 | 13:58 GMT
(FRED DUFOUR-POOL/Getty Images)
- China will retaliate against the United States' latest trade threats, but the country is likely to pursue informal measures such as boycotts against U.S. firms rather than impose new tariffs.
- Beijing could turn a cold shoulder to U.S. agricultural, automotive, energy and other exporters in favor of doing business with companies from other countries.
- U.S. firms that are already doing business in China could find themselves targeted with anti-corruption probes and other bureaucratic procedures as part of Beijing's response.