China warns of retaliation after Trump threatens fresh tariffs

American business groups in China expressed disquiet over the latest round of US tariffs. The US-China Business Council said on Friday it was concerned the action “will drive the Chinese from the negotiating table, reducing hope raised by a second round of talks that ended this week in Shanghai." “We are particularly concerned about increased regulatory scrutiny, delays in licenses and approvals, and discrimination against US companies in government procurement tenders,” said the US-China Business Council’s President Craig Allen in an e-mail.