Beijing reciprocates and imposes sanctions on several US companies – VP News – ‘no talk’

2023-04-18 23:51:30

LThe situation between China and the United States continues to worsen, leading to the growth of trade tensions for American companies operating in Chinese territory. In an attempt to reduce dependence on American products and limit their access to the Chinese market, the authorities of This represents the culmination of a trade conflict that began already during the administration of Donald Trump and which has made relations even more difficult between the two countries.

The sanctions mainly affected some of the most important American companies, such as Lockheed Martin and Raytheon, which hosted arms sales to Taiwan. In response, China has imposed sanctions on these companies, putting their presence in the Chinese domestic market under strain. Other industries affected by the sanctions include chip and microchip supplier Micron, which has been hit by Chinese protectionist measures, and consultancies Mintz Group and Deloitte, which have seen their offices closed.

China’s aggressive action against these companies can also be explained as a response to the US administration’s policy of blocking technology against Chinese companies. This has been a staple of US trade policy towards China, and has seen the US government impose sanctions against companies like Huawei and ZTE based on allegations of industrial and technology espionage.

However, trade tensions between China and the United States are not limited to China’s domestic market. In fact, according to reliable sources, the Chinese authorities are trying to reduce their dependence on imports of American products, working to establish new trade ties with other parts of the world. In particular, it seems that China is focusing its efforts on South Asian countries, especially India, which represents a great opportunity for trade and investment relations.

China also announced plans to increase investment in advanced technologies and require Chinese highway manufacturers to use only clean energy vehicles. This indicates not only a commitment to environmental sustainability, but also an interest in high-tech industry, a key sector for the country’s economic growth and development.

Despite the sanctions imposed by the Chinese authorities, many American companies are still trying to maintain their presence in the Chinese domestic market, albeit at a higher cost. However, the growing trade conflict and political tensions between the two countries pose a threat to global economic stability, especially for companies that do business in both countries or are dependent on trade ties between China and the United States.

In this scenario, both the United States and China are called upon to find a way to resolve their differences and avoid a spiral of trade sanctions that could have long-term consequences on relations between the two countries. The issue has gotten so big that it would require the creation of a new global trade conflict resolution body, tasked with decreasing tensions between nations and preventing major conflicts.

But more likely this will not happen for two reasons: the first reason is that Europe blindly follows the USA, the second reason is that the world in the new cold war underway will do without trading with the United States.