By Kelvin Chan The Associated Press Thu., May 10, 2018 HONG KONG—A Chinese tech giant brought to its knees and delays for imported U.S. cars, apples, lumber and other agricultural products are early signs the widening trade dispute between China and the U.S. is exacting a toll on both sides. More talks aimed at resolving the conflict are planned for next week in Washington, while both sides dig in for a fight over their trade imbalance. The tech company, telecommunications equipment and smartphone maker ZTE, said Wednesday that it’s ceasing “major operations” after the U.S. last month banned it from doing business with American suppliers for seven years as a punishment for illegal exports. Also this week, businesses and officials reported that American products are running into delays in customs clearance because of stepped-up inspections at Chinese ports, suggesting Beijing may be making life tougher for U.S. companies as the dispute drags on. ZTE’s crippling business ban stems from a case dating to before the Trump administration, but analysts say the outcome was worse than expected, reflecting a deterioration in trade relations as the two countries vie for technological dominance. Article Continued Below “It has become really political now,” said… Read full this story
- FBI probes China's ZTE over Iran tech deals: report
- China's ZTE to "curtail" business in Iran
- ZTE to testify in U.S. probe of alleged China telecom threat
- Bitcoin crashes after China bank measures
- Google stops China censorship, Beijing condemns move
- What are the consequences of China's reduced investments in VN?
- Fisheries Association denounces China’s illegal fishing ban
- Vietnam continues opposing China's illegal rig placement at UN
- Vietnam, China release joint statement
- Vietnam protests China's illegal operation of drilling rig in Vietnamese waters
China’s ZTE stops ‘major operations’ in wake of U.S. ban have 286 words, post on www.thestar.com at May 10, 2018. This is cached page on Vietnam Art News. If you want remove this page, please contact us.