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Between the United States and China, the trade escalation has already begun

Source link : https://news7.asia/news/between-the-united-states-and-china-the-trade-escalation-has-already-begun/

Donald Trump during the presidential campaign, September 23, 2024, in Smithton, Pennsylvania. WIN MCNAMEE / GETTY IMAGES VIA AFP Even before the inauguration of Donald Trump as president of the United States on January 20, not a week passes without the two leading powers on the planet announcing trade restrictions against from each other. The outgoing American administration wants to avoid being accused of laxity by the Republicans on the eve of their return to power. For its part, China is sending a message of firmness. She makes it known that she will not hesitate to take harsh reprisals if the future American head of state carries out his threat of punitive customs barriers against Chinese imports. Read later Beijing is more exposed than four years ago. Its economy is suffering from slowing growth. Domestic demand is sluggish and exports are ever-increasing, which is also causing concern in the European Union and emerging countries such as Brazil and Indonesia. But China also considers itself much more resilient, having reduced its external technological dependencies as illustrated by its telecoms champion Huawei. Very weakened after being cut off from access to Google’s Android smartphone operating system (2019), then to semiconductors produced in Taiwan (2020), the group developed its own operating system and works with determination to ensure that its Chinese suppliers catch up in chips. Xi Jinping’s policy of technological self-sufficiency, which did not necessarily attract consensus as it can be seen in China as a withdrawal into itself, is thus validated by American threats. You have 70.1% of this article left to read. The rest is reserved for subscribers.

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Author : News7

Publish date : 2025-01-09 22:00:47

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