US-China trade spat may thwart fund house ambitions

As the US fired the first shots in a tit-for-tat trade battle with China, concerns are mounting over whether President Donald Trump’s vituperative rhetoric will escalate into a full-blown war. The fallout could affect the Chinese aspirations of US financial firms.  As the situation stands, the US has threatened tariffs on $200 billion of the Chinese goods it imports, including manufacturing goods, as well as flat-panel televisions and solar panels. Beijing said it would apply tari…