The ongoing sharp deterioration in U.S.-China ties poses risks to both countries and the rest of the world. The U.S. Consulate in Chengdu shuttered, ordered by China to close in retaliation for the U.S. shutting down its consulate in Houston last week.
Chinese SWAT police officers escort away a man who tried to show protest slogans on his shirt outside the former United States Consulate in Chengdu in southwest China's Sichuan province on Monday, July 27, 2020. Chinese authorities took control of the former U.S. consulate in the southwestern Chinese city of Chengdu on Monday after it was ordered closed in retaliation for a U.S. order to vacate the Chinese Consulate in Houston.
With the U.S. presidential campaign heating up, all bets are that relations with China will only get worse. A look at what’s at stake:Both countries already have suffered heavy losses in a tariff war that erupted in 2018 over Beijing’s technology ambitions and trade surplus. If talks on ending the dispute fail, the world could face downward pressure on trade at a time when the global economy is already reeling from the coronavirus pandemic.
China is the biggest export market for Iowa and other American farm states, which were slammed when Beijing suspended imports of soybeans and raised tariffs on pork and other goods. China is also a top market for Apple and other U.S. tech brands, and is increasingly becoming a technology competitor with its own brands in smartphones, medical equipment and other fields.
In 2018, a Chinese destroyer came perilously close to colliding with a U.S. destroyer, the USS Decatur, while executing what the Navy called an “unsafe and unprofessional maneuver” in the South China Sea.
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