Beijing flips the script on the U.S. tech war — and tests the truce weeks before Xi's visit

China announced its broadest set of trade countermeasures since the October trade truce, aiming to push back against recent U.S. restrictions. The escalation raises downside risk for cross-border supply chains and trade-sensitive sectors, and could increase near-term volatility as firms reassess exposure to tariff and restriction-related changes.

Analysis

China announced its broadest set of trade countermeasures since the October trade truce, aiming to push back against recent U.S. restrictions. The escalation raises downside risk for cross-border supply chains and trade-sensitive sectors, and could increase near-term volatility as firms reassess exposure to tariff and restriction-related changes.