US-China trade war intensifies

Electronic hit: Hikvision cameras in an electronic mall in Beijing. Shares in two top Chinese surveillance firms plunged on Wednesday following reports Washington is considering banning them from buying US components, just as the blacklisting of telecoms giant Huawei fanned their escalating tech war. — AFP

IT started with US President Donald Trump imposing tariffs on metal imports from China into the United States.

That was in March 2018. Fast forward more than a year, and both economic powerhouses have collectively imposed tariffs on at least US$350bil worth of both Chinese and American products.