US and China hurtling towards total breakdown of ties
[ad_1] The TOI correspondent from Washington: The United States and China are barreling towards a complete breakdown of bilateral ties as the tit-for-tat tariff war escalated on Friday. Beijing increased levies on American imports to 125 percent in response to Washington hiking taxes on Chinese imports to 145 per cent, virtually decimating the $600 billion annual trade between them. Beyond that, MAGA hardliners are pressing for steps that will destroy ties. Among them: delisting Chinese companies from US stock exchanges, confiscating Chinese assets in America, and denying and even revoking visas for 300,000 Chinese students in the US, as part of a full-scale economic war to bring a defiant Beijing to its knees.Alleging that Chinese students are spying on America, one US lawmaker has proposed legislative action to end student visas for Chinese nationals. "The STOP CCP Visas Act will […]