Relations between the world’s two superpower trading nations – the US and China – have reached crisis point. Here, the Daily Update today (4 June) summarises the latest developments regarding China’s relations with western nations and their implications for global trade.
The latest flashpoint are the controversial security laws passed by the Chinese legislature in relation to Hong Kong last week, heightening already tense relations between China and western nations including the UK and US.
Western countries have already expressed scepticism over China’s handling of the initial spread of the coronavirus, while the US government continue to threaten further tariffs and impose export controls.
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