Following that,on 11 individuals, including Hong Kong leader Carrie Lam for her role in overseeing and "implementing Beijing's policies of suppression of freedom and democratic processes."
Administration officials have also urged Trump to delist Chinese firms that trade on U.S. exchanges and fail to meet U.S. auditing requirements by Jan. 2022,"The bigger question for markets is whether these actions jeopardise the US-China trade talks on August 15 and markets will be looking closely for any Chinese retaliation," Tapas Strickland, director for economics and markets at the National Australia Bank, wrote in a Monday morning note.
Officials from both sides are set to review the implementation of their phase one trade deal and are likely to air mutual grievances during an Aug. 15 video conference,"The running assumption in markets has been President Trump needed the phase one deal to succeed this side of the November elections to secure the mid-West. At the same time President Trump is running a hard China line into the elections," Strickland added.
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