China is reportedly cracking down on domestic firms doing business in the United States as the world’s two largest economies gear up for an escalation in their trade war. Regulators in Beijing have been told in recent weeks to hold back on granting approvals for Chinese companies wishing to invest in the US,

As Trump's tariffs push Chinese businesses to seek new markets, one expert says the trade war is likely to get worse before it gets better.

The impetus of what President Donald Trump has called “Liberation Day” is clear. He wants to impose sizable tariffs on many imports. That plays into China’s hand.