China Ready to Step Up Scrutiny of U.S. Firms If Trump Starts Feud: Sources
Options include antitrust, tax probes of American companies
Tension has been building in run-up to Trump’s inauguration
Options include subjecting well-known U.S. companies or ones with large Chinese operations to tax or antitrust probes, said the people, asking not to be identified because the matter isn’t public. Other possible measures include anti-dumping investigations and scaling back government purchases of American products, the people said.
The move illustrates how the fallout from escalating tensions between the two nations risks spreading to companies. Trump has made China a frequent target of his attacks and nominated trade-related officials who the Communist Party’s Global Times newspaper said would form an "iron curtain" of protectionism.