The decision by the United States to impose tariffs on all Chinese products and put smartphone maker Huawei on a trade blacklist that could choke off vital components has severely damaged the fragile trust between the two countries, forcing China to re-examine the entire bilateral economic relationship to protect itself, according to Chinese researchers.
China is still open to resuming talks to end the trade war and refuses to believe that a “decoupling” of the world’s two largest economies is well underway. But government advisers are now highlighting the risk of sourcing critical supplies from an increasingly hostile US, particularly after the decision last week to put Huawei and its affiliates on a trade ban list, and are exploring ways for the country to cut its exposure to the US.
China is still open to resuming talks to end the trade war and refuses to believe that a “decoupling” of the world’s two largest economies is well underway. But government advisers are now highlighting the risk of sourcing critical supplies from an increasingly hostile US, particularly after the decision last week to put Huawei and its affiliates on a trade ban list, and are exploring ways for the country to cut its exposure to the US.
