US bans investment in a bunch more Chinese companies
Apparently buying shares in a company materially helps it, so the US has extended its efforts to starve Chinese companies of investment.
Apparently buying shares in a company materially helps it, so the US has extended its efforts to starve Chinese companies of investment.
The foreign policy of the Biden Presidency has a distinctly familiar feel to it, with a new executive order designed to boost domestic industry.
New US President Biden is reportedly working on an executive order designed to make various US supply chains less reliant on China.
Another extreme scenario, the opposite to that of going back to the romanticised good days of globalisation, would be a complete parting of ways between the US and China.
With the Biden administration keen to turn back the clock on many policy fronts, it is worth examining what this may mean for the next episode of the USA China rivalry, especially in the technology domains.
After France unveiled plans to raise taxes on internet companies the US threatened to slap tariffs on French food. Now France is putting the new tax on hold.
India’s decision to allow Huawei to participate in 5G trials is certainly a win for the vendor, but it does add further strain to an already tenuous relationship with the US.
A bunch of existing and threatened tariffs between the US and China have apparently been scrapped thanks to what will hopefully be the first of many new trade agreements between the countries.
All Chinese public bodies need to replace all foreign computer hardware and software within three years according to a report.
Having sat on hundreds of applications by US companies to continue working with Huawei, the US government has announced it has finally got around to considering them.
Huawei has put its financially favourable foot forward, suggesting Poland will only get a cash boost if the vendor is allowed to participate in the 5G bonanza.
For weeks and weeks the US/China trade war has been a reliable source of news, and on the eve of the G20 meeting, the dynamic duo haven’t disappointed.
20 bean-counters walk into a bar and ask for a tonic water. The barman asks who picking up the bill, and all fingers are pointed towards Silicon Valley.
US President Trump will reportedly threaten to withdraw some intelligence cooperation with the UK unless it bans Huawei, when he visits.
US Secretary of State Mike Pompeo has upped the ante with the anti-China rhetoric, declaring the US will not partner with countries who work with Huawei.
The usually publicity-shy Huawei founder Ren Zhengfei has hit back at what he perceives as a politically motivated attack, declaring if “the lights go out in the West, the East will shine”.
US Secretary of State Mike Pompeo has joined the European roadshow with the intention of lobbying other governments towards a China ban, but Hungary’s message is clear: mind your own business.
The European Commission has given its nod of approval for data protection rules drawn up in Japan, effectively extending GDPR protections for European citizens to the Asian country.
The Chinese president would be open to approving the acquisition of NXP should Qualcomm propose again, according to the White House.
Just as President Trump is buddying up with North Korea, the US relationship with China is about to tank again. On July 6 the US will officially introduce tariffs on Chinese goods entering the country.
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