søndag 9. juni 2019

US-China trade war: Trump and Xi are locked in world’s largest game of chicken, and neither can blink

There hasn’t been a week, if not a day, over the past year without some sort of breaking news about US-China relations. Now more than 12 months into the trade conflict, and after the 11th round of talks failed in early May, it has gone well beyond just repeated escalation of tariffs. Washington and Beijing have both toughened their rhetoric and intensified the confrontation by expanding retaliatory measures to other areas.

US President Donald Trump has moved to blacklist Chinese telecom firm
Huawei and other Chinese entities, while Beijing plans to counter that by publishing a list of “unreliable” foreign companies and individuals, which it may use to punish companies found to be blocking or cutting back supplies to Chinese companies.