Retaliation or escalation? Trust between the U.S. and China is fading fast, analysts say
1. U.S.-China trade tensions escalate with new restrictions and tariffs announced. 2. China places more U.S. firms on a blacklist amid rising mistrust. 3. U.S. tariffs could increase by 100%, affecting trade flows significantly. 4. Key U.S. chipmakers may face export licensing from China for rare earths. 5. Short-term diplomatic solutions are possible, but trust remains fractured.