Trade or Tech Forefront of US-China Dispute

Trade or Tech Forefront of US-China Dispute

What is our biggest challenge with China relations?

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Total Votes : 3

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The U.S. midterm elections are coming up and Barclays’ head of macro research is stressing that investors should look beyond them in assessing the tense geopolitical situation between the U.S. and China, according to CNBC.

At the annual Barclays Asia Forum in Singapore, Barclay’s Ajay Rajadhyaksha revealed that the matters central in the U.S.-China relations exceed the issue of trade tensions, which some analysts have even said that they may ease after the midterm elections. However, some have claimed that President Trump may be amplifying the trade war with China, in hopes of distracting voters from the issues at home.

According to Rajadhyaksha, investors hoping to wait out the tensions until the Nov. 6 midterms may be shocked, as they would need to still be waiting for a while. In fact, there’s no need to spend time waiting, since trade frictions will not cool down anytime soon.

Rajadhyaksha also went on to stress that, “This is not the U.S. and NAFTA. This is not the U.S. and the European Union … There is a significant part of the U.S. administration that is worried about China’s technology ambitions.”

Technology has been a forefront issue between the two-economic powerhouses, as the Trump administration imposed tariffs on Chinese imports to fine China for trade practices that supposedly involved stealing American companies’ intellectual property.

Moreover, China strategically came out with the “Made in China 2025” program, in plans of making it a leader in central global industries. High technology space is one of the targeted sectors by Beijing.

Rajadhyaksha once again points out that this isn’t about trade deficit, emphasizing that “The administration wants fundamental change in how the Chinese treat intellectual property, how they talk to technology companies looking to invest in China.” And if it was about trade, he assures that it would be a lot easier to fix.

What is the greatest obstacle regarding US-China relations? Read more about the story on CNBC here.


Here’s how people on the Zip app are weighing in on this all over the country!

What is our biggest challenge with China relations?

Totals
61% Fair trade
39% Technology
Males
62% Fair trade
38% Technology
Females
58% Fair trade
42% Technology

Fair trade

Technology

Trade or Tech Forefront of US-China Dispute


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