China puts off licenses for US companies amid tariff battle

Associated Press --------- Amid a worsening tariff battle, China is putting off accepting license applications from American companies in financial services and other industries until Washington makes progress toward a settlement, a business group says. The disclosure Tuesday is the first public confirmation of U.S. companies’ fears that their operations in China or access to its markets might be disrupted by the battle over Beijing’s technology policy. China is running out of American imports for penalties in response to President Donald Trump’s tariff hikes, which has prompted worries regulators might target operations of U.S. companies. To learn more click on the picture below to read the article.