Trade negotiations between the U.S. and China have devolved over the past few days with both sides announcing more aggressive retaliatory tariffs, much to the dismay of global businesses, according to international trade lawyers.

“It’s really spooked clients,” said Mario Mancuso, a former official for the Committee on Foreign Investment in the United States who now leads Kirkland & Ellis’ international trade and national security practice in Washington, D.C.  

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