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Business deals

Broadcom's bid for Qualcomm stokes Trump's China fears

US intervention in $117bn takeover plan shows tech is a coming trade battleground

| China
  © Reuters

In the Donald Trump political-industrial complex, all roads lead to China.

But other countries risk getting trampled along the way. Take steel and aluminum exporters suddenly confronting White House tariffs -- 25% on steel and 10% on aluminum. China accounts for less than 5% of U.S. steel imports. Trump's obsession with Beijing trolled him into an action that will do far greater damage to Brazil, the European Union, Japan, South Korea and other allies.

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