China Targets Qualcomm, US Ships as Xi and Trump Seek Leverage
China has taken two new actions against the United States, as the leaders of the two countries seek leverage ahead of an important meeting to discuss trade and other matters. Firstly, China has imposed new port fees on US ships, the latest in a series of retaliatory moves between the two countries. Secondly, China has launched an antitrust investigation into Qualcomm Inc., a major US technology company. These actions come as Presidents Xi Jinping and Donald Trump prepare to meet and discuss the ongoing trade tensions between their nations. Both sides are likely trying to gain bargaining power before the crucial meeting. The article suggests that the two countries are engaged in a tit-for-tat exchange of measures, as they jockey for position in the lead-up to the high-level talks. The outcome of the meeting could have significant implications for the future of US-China trade relations.
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