The ongoing US-China trade war and talks delays could cost small and medium-sized businesses as much as $750bn, according to one attempt to quantify its scale.
The figures, published by trade finance provider Stenn Group, come as US president Donald Trump’s moves against social media apps TikTok and WeChat, coupled with further restrictions on telecoms group Huawei announced on 17 August, indicate the economic tensions between the two countries are unlikely to abate anytime soon.
