Huawei ban could derail US/China trade negotiations

173 companies including footwear giants, Nike and Adidas have signed an open letter to US President Donald Trump in which they say that tariffs on shoes made in China will be a catastrophic for the American economy. They posted it on the Footwear Distribution and Retailers of America's website. This came after the Trump administration barred American companies from selling to Huawei without a US government license in what is regarded a significant escalation of the trade war with China. Michael Hirson, of the Eurasia Group told Bloomberg's Lisa Abramowicz and Paul Sweeney that the ban could derail the US-China trade negotiations. - Linda van Tilburg Learn more about your ad choices. Visit megaphone.fm/adchoices