(SL) – Chinese investment in the U.S. has dropped 92 percent in the first five months of 2018. Around one-point-eight billion dollars had been invested as of May, the lowest amount in seven years. That’s according to a report out last week by foreign investment research firm Rhodium.
The drop comes as trade tensions have escalated between Beijing and Washington, with billions of dollars worth of tariffs slapped on each side. Donald Trump has complained repeatedly about what he says are unfair trade practices by China, and scrutiny on possible Chinese deals has increased under his administration.