President Donald Trump is trashing deals in favour of tariffs

Chinese officials are drawing up a list of “unreliable entities,” which could mean sanctions for American companies complying with their government’s ban on sales to Huawei, a Chinese telecommunications company. Erin Ennis of the US-China Business Council, a lobby group, worries that America is pushing past the point at which China will be persuaded to change its policies. Mr Trump’s tariffs may well result in the Chinese government increasing subsidies, she says, in order to speed up the development of domestic goods and services that can replace foreign ones.