Online travel agency Ctrip affected by trade standoff

The nation's biggest online travel agency is facing the short-term realities of the US-China trade dispute.

"The trade war caught many companies by surprise; nobody was really prepared," Ctrip.com International Ltd CEO Jane Sun told the Financial Times in a story published on Monday. "The trade war affects confidence in both countries."

Shares of Ctrip have dropped $6 billion in valuation this year.