China threatens more trade sanctions on Taiwan as election nears

News Snapshot:

The Chinese government warned Taiwan on Wednesday with further trade restrictions if the governing party “stubbornly” supports independence, escalating the battle of words as Taiwanese elections near next month. Taiwan’s presidential and legislative elections are taking place on January 13 as China, which considers the island to be its own territory, attempts to force Taiwan to recognise Chinese sovereignty claims. Taiwan accused China this month of economic pressure and electoral meddling after Beijing announced the termination of tariff reduction on some chemical imports from the island, claiming Taipei breached a trade pact inked in 2010. That came after China said...