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licenses canceled

China puts off licenses for US companies amid tariff battle

BEIJING: Amid a worsening tariff battle, China is putting off accepting license applications from United States (US) companies in financial services and other industries until Washington makes progress toward a settlement, a business group says. The disclosure Tuesday is the first public confirmation of U.S. companies' fears that their operations in China or access to its markets might be disrupted by the battle over Beijing's technology policy. China is running out of American imports for penalties in response to…