US-China trade tensions rise following Biden-Xi summit


Source: foxbusiness.com foxbusiness.com

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A new cold war appears to be brewing as the U.S. places over a dozen Chinese companies on its trading blacklist , all while China slows its progress on purchasing $200 billion worth of U.S. goods by the end of the year. This comes less than two weeks following President Biden and Chinese President Xi Jinping’s virtual summit on Nov. 15. "There's a big ‘Make China Great Again’ movement in China," Andy Puzder, the former CEO of CKE restaurants and labor secretary nominee under President Trump , told FOX Business. "They're making it very clear that they are not our...