Ex-Nissan Chairman Ghosn faces two new charges - Trump nixes Davos trip amid government shutdown - Chinese manufacturing slumps amid trade dispute
Beijing has blamed the US for the ongoing trade dispute and said it will not compromise on "major issues of principle." Washington plans to impose more tariffs on Chinese goods after recently increasing duties on them.
No end seems to be in sight for the bitter trade spat between the US and China, as Beijing's retaliatory tariffs on US goods kick in. China now plans to create a blacklist of "unreliable" foreign firms.
The ongoing trade tensions between the world's two largest economies and tit-for-tat tariffs have adversely affected the fortunes of many European companies in China, a new survey reveals. The outlook remains gloomy.
Amid stalled trade talks with the Trump administration, a strategy of waiting out next year's US presidential election in the hope for a Democratic victory might be tempting for China. But Beijing better think twice.
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