The Huawei stand at the Mobile Expo in Bangkok on May 31. The US has had mixed results in getting partner countries to blacklist Huawei, as this would leave them without the 5G technology the Chinese company offers. Photo: Reuters
Opinion
Opinion
Macroscope
Trade war? No, the US and China are vying for technological supremacy, and the markets are catching on
- The US implemented tariffs because it sees China as its long-term rival for technological supremacy. This not only means ongoing restrictions on companies like Huawei, but a stark global realignment
The Huawei stand at the Mobile Expo in Bangkok on May 31. The US has had mixed results in getting partner countries to blacklist Huawei, as this would leave them without the 5G technology the Chinese company offers. Photo: Reuters
US President Donald Trump and China's President Xi Jinping meet business leaders at the Great Hall of the People in Beijing in 2017. The two countries are in the middle of a trade war. File photo: Reuters
Donald Trump’s trade wars sent global investment tumbling, World Bank says
- World Bank joins the IMF in lowering its forecast over concerns US president’s trade actions will undermine global growth
- The Trump administration and Beijing have imposed tariffs on hundreds of billions of dollars of each other’s imports
Topic |
US-China trade war
US President Donald Trump and China's President Xi Jinping meet business leaders at the Great Hall of the People in Beijing in 2017. The two countries are in the middle of a trade war. File photo: Reuters