The Doomsday Clock now stands at two minutes until midnight, meaning that, according to the Bulletin of the Atomic Scientist, humanity is closer to nuclear campaign than we’ve been since 1953. Economists are worried about a different kind of conflict: a sell campaign with China.
Fears that a decades-long “cold trade war” with China would heighten into a most serious conflict contacted new summits last summer when the Trump administration announced an investigation into whether the country’s intellectual-property policies mischief US businesses.
Since then, the federal government has only rekindled those nervousness. Congress supposedly pressured AT& T and Verizon to drop plans to sell phones made by China’s Huawei, Republican lawmakers proposed a money that would stymie government agencies from doing business with contractors that use networking gear from Chinese companionships, regulators impeded sales of money-transfer firm MoneyGram to an affiliate of China’s Alibaba, and President Donald Trump announced a 30 percentage tariff on foreign-made solar panels.
The results of the IP investigation are expected any epoch, leaving psychoanalysts poising for possible reprisal from China. This week, China announced its own investigation into sorghum imports from the US, and requested the World Trade Organization to review the solar-panel excises. More drastic action could follow if the US takes additional steps after the IP investigation.
The back-and-forth with China, together with US saber-rattling in other arenas, has some US tech companies concerned. “We’re worried about the politically motivated demonization of global trade, ” says Jamie Girard of SEMI, a sell group representing the makers of semiconductor-manufacturing equipment.