Trade between the two countries is flourishing.
(Photo: image)
Düsseldorf, New York, Peking, Washington Chinese companies are currently in a difficult position in the USA. The punitive tariffs imposed by former US President Donald Trump are supplemented by his successor Joe Biden with new sanctions against the tech industry every few weeks. Dozens of Chinese companies that produce solar cells or semiconductors, for example, are now blacklisted.
The technology of the mobile phone specialist Huawei is banned in the USA, a ban on the video app Tiktok is being discussed. Politicians from both parties are competing to see who speaks harder against China.
The US, it sometimes seems, is slowly decoupling its economy from China’s. But that’s not true. “On the one hand, there is a kind of cold war against China that is escalating every day,” says independent capital markets consultant Ed Yardeni. “On the other hand, there is still very active trade with China and interdependencies.”
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