All eyes turn back toward China this week as U.S. Commerce Secretary Wilbur Ross returns to East Asia for another round of trade talks with his Chinese counterparts.
The American business community is watching closely – markets have been roiled in recent weeks as tensions have risen, and new investigations have been launched into the automobile and telecom sectors, while American companies that depend on imported steel and aluminum have been taking it in the teeth. Trade wars hurt all participants – except for companies in countries that aren’t involved in the dispute and can swoop in and take market share from affected businesses.
