The United States and China had a heated exchange on Thursday, with U.S. Secreta...
WASHINGTON/BEIJING - The United States and China had a heated exchange on Thursday, with U.S. Secretary of State Mike Pompeo accusing the chief executive of Huawei Technologies of lying about his company’s ties to the communist government and Beijing saying Washington must end its “wrong actions” if it wants trade talks to continue.
World shares fell sharply on Thursday as concerns grew that the China-U.S. trade conflict was fast turning into a technology cold war. “If you put your information in the hands of the Chinese Communist Party, it’s de facto a real risk to you. They may not use it today, they may not use it tomorrow.” No further trade talks between top Chinese and U.S. negotiators have been scheduled since the last round ended on May 10, when U.S. President Donald Trump sharply hiked tariffs on $200 billion worth of Chinese goods and took steps to levy duties on all remaining Chinese imports.
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