The U.S. expanded its trade blacklist to include some of China’s top artificial intelligence firms on Monday, punishing Beijing for its treatment of predominantly Muslim ethnic minorities. The decision appeared likely to draw a sharp response from China, with investors worried it might harm the chances of a breakthrough later this week.
The White House has scheduled an increase in U.S. tariffs on $250 billion worth of Chinese goods to 30% from 25% on October 15. President Donald Trump has said the tariff increase will take effect if no progress is made in bilateral trade negotiations.
