US-China Tech War Intensifies Amidst Trade Truce Breakdown Fears

0
36
Picture credit: www.flickr.com

The U.S.-China tech war is intensifying amidst fears of a trade truce breakdown, as Beijing accuses the United States of violating their agreement through new AI chip export controls and planned revocations of Chinese student visas. This escalating dispute over crucial technologies underscores the unresolved strategic competition between the two global powers.

The Chinese Commerce Ministry released a statement asserting that the U.S. practices “seriously violate the consensus” reached to de-escalate tariffs and restart stalled trade. This agreement, intended to provide a 90-day window for negotiations, appears to be unraveling under the weight of persistent strategic competition and mutual distrust in the technology sector.

China maintains it has upheld its end of the deal by canceling or suspending its own retaliatory tariffs. However, Beijing accuses the U.S. of “unilaterally provok[ing] new economic and trade frictions,” thereby increasing uncertainty in bilateral relations. The ministry’s warning of “resolute and forceful measures” suggests that China is prepared to implement counter-actions.

LEAVE A REPLY

Please enter your comment!
Please enter your name here