US-China investment flows fall to five-year low amid escalating trade war

📆 01/08/2019 15:02:00
📰 CNBC

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Relations between the U.S. and China — the two largest economies in the world — have been rocky over the past year.

What started out as a trade dispute in recent months spilled over to areas such as technology and security, which affected sentiment among investors.

Some Chinese firms had initially considered setting up manufacturing in the U.S. to avoid elevated tariffs, but put their plans on hold as bilateral tensions escalated, said Rhodium. One such company is tech firm Bitmain Technologies, which froze its planned investment of $500 million, the report said.

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Hey realDonaldTrump...you told us that trade wars were easy to win...what happened? This is the Trump Taj Mahal 2.0.

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