China escalates tit-for-tat trade war with US

Sun Online Desk

1st December, 2020 01:17:28 printer

China escalates tit-for-tat trade war with US

China has introduced tough new laws which restrict the export of "controlled items".

The rules primarily focus on the export of military technologies and other products that might harm China's national security.

The export controls are widely believed to be in response to similar actions by the US.

TikTok, Huawei and Tencent are among the casualties of Washington's Chinese technology crackdown.

There are concerns the new regulations, which came into effect on Tuesday, could escalate the ongoing trade war with the US.

Trade tensions between the world's two biggest economies began in 2018 but have ramped up this year, BBC reported.