— Global stock markets slumped Monday, as investors reacted to the prospect of a drawn-out trade war.
"It means that the trade war has not only become a technology war but also a broad-based business war. There will be more retaliation actions from China, especially for the technology sector," she added. The Chinese government released a document on Sunday that blamed the United States for the breakdown in trade talks.
The move on FedEx comes after China announced Friday that is building an"unreliable entity list," effectively preparing to blacklist foreign companies as trade tensions with the United States continue to escalate.
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