Tuesday August 4, 2020

The US giants at risk from Chinese retaliation

US President Donald Trump’s decision to blacklist Chinese phone maker Huawei could open the door to retaliation against US brands from hotels to sportswear to even Captain America

29th May, 2019
An Apple store in Shanghai. Pic: Getty

State media last week said China was “well armed to deliver counterpunches”, without giving specific details.

As companies await China’s next move, there is uncertainty about what form retaliation might take. Companies might "just have to read the tea leaves on how their business operations are being treated", Erin Ennis, senior vice-president of the US-China Business Council, said in an interview with Bloomberg Television on Saturday.

China could use the template...

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