The China trade war is on pause again—and nobody knows the timeline
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A currency deal, in other words, is a gentleman’s agreement at best. It is unenforceable as it is now. And it depends on maximum trust from both sides, which is nonexistent. China has its own wishlist. It wants the U.S. to open the market to its tech infrastructure industries like telecommunications systems. Think Huawei. Forget it, Beijing. That won’t happen.
Here it is in a nutshell: either tariffs go up or the trade war was for nothing. China wins. The other option is a total barrage of anti-dumping cases filed against them in the WTO. Washington sees Chinese companies as extensions of the Communist Party, even Huawei, which is privately held. To them, China can’t be trusted. Huawei is probably spying on you like they do in China.Huawei building smart city grids in the U.S. would bring in a lot of foreign direct investment and lead to high-paying jobs, assuming jobs are filled by Americans. But good luck getting Washington to back down from its centerpiece claim that China tech has grown thanks to IP theft.
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