World News: 10:26 GMT Wednesday 15th May 2019. [Yahoo Business News Feed via SPi World News]
China said this week it would impose higher tariffs on most U.S. imports on a revised $60 billion target list. Washington has also turned up the heat on other fronts, from targeting China's tech firms such as Huawei and ZTE to sending warships through the strategic Taiwan Strait. As the pressure mounts, Chinese leaders are pressing ahead to seal a deal and avoid a drawn-out trade war that risks stalling China's long-term economic development, according to people familiar with their thinking.
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