The U.S. economy may be pushed into a 'Trump recession' if Washington imposes tariffs on an additional $300 billion worth of Chinese goods, Gary Shapiro of the Consumer Technology Association said at the CES Asia Conference in Shanghai.
does not show up at the G-20 meeting in Japan — an event investors and economists will be watching for signs of a breakthrough in the trade impasse.The current tensions between the U.S. and China appeared to reach a new height when Washington placedWhile the U.S. Commerce Department has granted a 90-day reprieve to Huawei, China has already been— which could ultimately hurt the profits of U.S. companies.
The blacklisting of Huawei will not only push China to become more closed off to the rest of the world, but will also hinder the United States' ability to maintain "world leadership" in the technology market, Shapiro said.
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