China-US showdown ahead of Xi-Trump summit: Beijing retaliates against US trade probes

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China has stepped up retaliation against US trade probes in the run-up to the rescheduled summit between Chinese President Xi Jinping and US President Donald Trump, targeting American firms and key sectors in a series of calibrated counter-measures. Beijing has also launched two fresh investigations into US trade practices, mirroring similar probes initiated by the Trump administration earlier this month, as both sides harden their positions ahead of a likely presidential meeting in May. Beijing signals strength ahead of talks The latest moves are widely seen as an effort by China to demonstrate that it will enter negotiations from a…

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