Economics
U.S., China to See Who Blinks First in Economic Game of ‘Chicken’
- Treasury set to announce limits on Chinese investment June 29
- Some White House officials explored potential high-level talks
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The U.S. and China’s high-stakes game of economic chicken reaches a critical juncture in the next two weeks, as the world’s largest trading partners approach deadlines on tariffs and other barriers that may determine who blinks first.
The Treasury Department on Friday is due to announce restrictions on Chinese investment in the U.S. as well as enhanced export controls, as part of the Trump administration’s actions taken under Section 301 to respond to China’s alleged theft of U.S. intellectual property.