Tag Archives: China

Global Markets Plunge as China Retaliates in Escalating Trade War The FTSE 100 suffered a sharp decline after China announced retaliatory tariffs against the U.S., intensifying the global trade war. The UK’s benchmark stock index dropped as much as 3.9%, marking its steepest fall since the outbreak of the Ukraine …

Due to concerns that the products manufactured by Huawei and ZTE contain backdoors that convey data to Beijing, the U.S. has banned their phones and networking hardware. China launched an offensive on American memory chip manufacturer Micron Technology this weekend by outlawing its products there. Micron is described as a …