In the News: China-US Tariff Hikes; Chinese Outbound Deals Plummet; Goldman Set For Majority JV Control; and Beijing to Trial Foreign Investment in VPNs

August 26, 2019 | BY

Vincent Chow

China-U.S. trade war further escalates with latest retaliatory tariff hikes from both sides; Chinese outbound M&A continues downward spiral amid trade war and heightened regulatory scrutiny; Goldman Sachs set to take majority control of Chinese securities JV; and Beijing to trial foreign investment in VPN services by the end of the year

Goldman Sachs Photographer: Nicky Loh/Bloomberg

China-U.S. relations deteriorate with latest tit-for-tat tariff hikes

China unveiled plans to impose new tariffs on U.S. imports in retaliation against the latest round of U.S. tariffs on Chinese imports,