Reported 3 months ago
The fragile trade truce between the US and China is under strain as both nations engage in a war of words, particularly over semiconductor issues. Following a short-lived pause on tariffs, China's Commerce Ministry announced plans for legal action against those undermining its semiconductor market, while the US highlighted the potential violation of export controls concerning Huawei chips. Amidst these tensions, significant declines in trade volumes have been observed, with retailers like Walmart warning of looming price hikes, which President Trump criticized. Experts caution that the ongoing tariff impositions could have long-lasting negative effects on both economies.
Source: YAHOO