China Braces for Worst as It Becomes Punching Bag in US Election [Yahoo! Finance]
MACQUARIE GROUP LTD S/ADR (MQBKY)
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Source: Yahoo! Finance
Most Read from Bloomberg TikTok to Remove Executive Tasked With Fending Off US Claims Tesla Spends Weekend Cutting Prices of Cars and FSD Software The Fed's Forecasting Method Looks Increasingly Outdated as Bernanke Pitches an Alternative Trump Has Only $6.8 Million for Legal Fees With Trial Underway China's restraint was on display last week after President Joe Biden blasted Beijing as “xenophobic” and vowed to triple tariffs on Chinese steel and aluminum exports, during a campaign stop in a swing state where rust-belt jobs are on the line. On the same day, Washington opened a probe into its rival's shipbuilding sector, causing stocks of Chinese firms in that industry to tumble. Congress also fast-tracked efforts to force TikTok to divest from its Chinese parent ByteDance Ltd., by bundling the decision into an aid bill that passed Saturday. China's response to all this has been relatively muted. In a largely symbolic measure, Beijing imposed tit-for-tat tariffs on prop
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