U.S.-China Trade War Escalates

This is a U.S. news story, published by CNBC, that relates primarily to Shein news.

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Technology

CNBC's The China Connection newsletter: No deal in sight to stop U.S.-China trade war

Summary

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79% Informative

It's taken less than a week for tariffs on Chinese exports to the U.S. to soar above 100% .

Beyond some piecemeal limits on tariffs or Chinese exports, it's not clear what a deal would look like.

Analysts now talk not just of a war over trade, but one that could spread beyond technology to investment and other realms.

Chinese and Hong Kong stocks were trading in negative territory Wednesday as investors braced themselves for 104% tariffs on Chinese exports to the U.S. The offshore-traded Chinese yuan hit a record low against the US dollar on Tuesday .

State-backed funds on late Monday started announcing their support for local stocks following a global sell-off.

China is also opposing fast-fashion giant Shein 's plans to move some production out of China .

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