Chinese companies invested increasing amounts of money in the United States for years - until Trump launched a trade war with Beijing. The result he probably didn't hope for: a dramatic drop of Chinese money flowing into the country.
Global trade tensions have been brewing for months with tariffs and counter-tariffs flying between the US, China and several other countries. The US government has now challenged some of the tariffs at WTO level.
Chinese officials condemned US punitive tariffs, threatening that it could launch "the biggest trade war in history." Beijing plans to bring the trade dispute to the World Trade Organization.
Government consultations between Germany and China in Berlin on Monday aim to send a signal of closer bilateral cooperation in light of a worsened trade spat with the US. But some hurdles have yet to be overcome.
Trade frictions between the US and China are getting worse again with a fresh round of tariffs. Yet it's not just about trade, but something more fundamental, says economist Thomas Straubhaar.
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