Renewed hostility between China and the US will likely accelerate a global economic downturn, following an unforeseen "turn for the worst" in the relations between the two giants, investment professionals have warned.
This comes following Google's announcement last week that it will restrict Chinese tech giant Huawei from accessing its software, following an executive order issued by US President Donald Trump. However, last Tuesday (21 May) US President Donald Trump's administration issued a licence that will temporarily allow US companies to keep doing business with Huawei for the next three months. Since then, the firm has hit back at Washington, warning that its "illegal actions" will negatively impact billions of customers. Investing amid ongoing global economic concerns These tenuous sancti...
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