The dossier on cancer researcher Xifeng Wu was thick with intrigue, if hardly the stuff of a spy thriller. It contained findings that she’d improperly shared confidential information and accepted a half-dozen advisory roles at medical institutions in China. She might have weathered those allegations, but for a larger aspersion that was far more problematic: She was branded an oncological double agent.
Hundreds of companies began queuing up to testify in Washington on Monday for seven days of hearings on the Trump administration's proposal to jack up tariffs on Chinese imports. A common theme of their testimony: Americans would feel the pinch on everything from mobile phones and laptops to apparel, fireworks and Christmas ornaments.
Of America’s five biggest tech companies, Apple looks to be the most vulnerable to the current tumult in trade between China and the US. And now one technology analyst says the next six months could be “choppy,” as the high stakes trade war between the U.S. and China intensifies.
A new report has warned that the Chinese military is close to achieving technological parity with the U.S., as part of a deliberate and long-term plan for Beijing to develop the world's dominant military force. The report--written by former deputy defense secretary Robert Work and his former special assistant Greg Grant--was published by the Center for a New American Security.
The escalating trade war between the United States and China has gone beyond tariffs as the countries increase pressure on each other to cede ground.
It’s no secret that China has long played fast and loose with patent, trade secret and copyright laws in violation of international norms. When called on the carpet, China makes vague concessions, and U.S. companies live with the infractions as the cost of doing business. But the current trade dispute is different and the stakes higher.
How should Washington deal with an authoritarian regime that is expanding its influence abroad and repressing its citizens at home? That is the question the United States faces today in dealing with Xi Jinping’s China. But it is not a new challenge. After World War II, the United States faced another authoritarian state intent on expanding its borders, intimidating its neighbors, undermining democratic institutions, exporting its authoritarian model, and stealing U.S. technology and know-how.
More and more research institutions are cutting their ties to Huawei, the Chinese telecommunications powerhouse, either officially or unofficially. And institutions have reasons to be wary of research money from the world’s largest supplier of telecom equipment, given that Huawei’s been accused of serious crimes in the U.S. It’s also hard if not impossible to separate Huawei from the Chinese government.
Regardless of what led to a failure to conclude a trade agreement between the US and China, the new reality is that hardliners on both sides have now gained the upper hand over those seeking to find an agreed way forward. It means both sides now have fewer inhibitions to provoke the other on trade, and even more sensitive and dangerous subjects.
“The technology war is not going to end,” Alastair Newton, director of Alavan Business Advisory and a former British diplomat, told CNBC’s “Squawk Box” on Wednesday. “Technology is where this battle is going to be fought out, even if we do get a trade deal on bilateral goods.”