Amid rising trade tensions, US Treasury Secretary Scott Bessent has hinted at delisting Chinese firms from American stock markets.
As Trump hikes tariffs on Chinese imports to 104%, Beijing retaliates with 84% on US goods.
China accuses Washington of violating trade norms and files a WTO complaint.
With over 280 Chinese firms listed in the US, including Alibaba, this move could send shockwaves through global markets.
Bessent warns of deeper escalation if China devalues its currency, urging negotiation before the economic crossfire intensifies further.
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