Stocks are dropping after China hints at retaliation after the US blacklisted Chinese tech firms

European stocks and US futures dropped on Tuesday after the US blacklisted Chinese technology companies over alleged human rights abuses, prompting China to hint it could retaliate. The Trump administration added video-surveillance giants Hangzhou Hikvision and Zhejiang Dahua, Alibaba-backed AI titans SenseTime, and Megvii, and other Chinese companies to the list of firms that require a US government license to do business with US companies.

European stocks and US futures dropped on Tuesday after the US blacklisted Chinese technology companies over alleged human rights abuses, prompting China to hint it could retaliate. The Trump administration added video-surveillance giants Hangzhou Hikvision and Zhejiang Dahua, Alibaba-backed AI titans SenseTime, and Megvii, and other Chinese companies to the list of firms that require a US government license to do business with US companies.

Trump is NOT tough...Trump doesn't want a deal. He is helping Putin collapse the US economy, just as the Soviet Union collapsed. There will be NO deal with China...Trump will keep moving the goal post.

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Source: CNBC - 🏆 12. / 72 Read more »