#Wall Street

The trade war between China and the US has spiraled into unchartered territory. On April 10, Donald Trump’s administration imposed a tariff of 125 percent on all Chinese imports. China called the actions unfair and responded with similar measures. Within the broader debate around unravelling economic ties between the US and China, where economic interdependence has increasingly been viewed as a threat to US national security, this escalation raises questions about whether global finance is also reducing its presence in China.