1 big thing: Blacklisting foreign businesses

According to translations of government documents that the US–China Business Council shared with Axios, potential sanctions include restrictions on licensing and operating permits, increased police or regulator inspections, denial of government funding or tax breaks, and being flagged as risky in search results. "There's not a lot of direct impact on US companies yet," says Jake Parker, vice president for China operations at USCBC, which represents US firms doing business in China.