US Tariff Battle With China Hits New Low Point

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Amid a worsening tariff battle, China is putting off accepting license applications from American companies in financial service and other industries. China said the ban on US license will remain in place until Washington makes progress toward a settlement of their current trade and technology disputes. The disclosure is the first public confirmation of fears Us companies have that their operations in China and access to its markets will be disrupted by the battle over Beijing’s technology policy. China has vowed to continue the fight saying that will make moves to hurt the US even if it comes at the expense of China. RT’s Manila Chan reports.

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