Is The USA Headed Into A Trade And Tech War With China? It Does Not Look Good!
Investmentwatchblog.com
June 9th, 2014
Tensions are building between the two countries and have been for awhile now.
The USA has anxieties about what China will do about their holding of $1.2 trillion US debt.
Accusations of cyberspying is coming from both countries.
USA indicted five members of the Chinese Army charging them with cyberespionage against companies such as Westinghouse and US Steel.
This could threaten the American Technology industry by damaging relations with China.
Then China proceeds to:
1. accuses Cisco of America of cyberspying,
2. accuses Apple, Google, and Facebook of helping the USA to monitor China,
3. prohibited the installation of Microsoft Windows 8 on government computers,
4. launched investigation of IBM,
5. removed high-end services from state bank networks,
6. and ordered state enterprises to sever relations with American consulting firms.
A Notre Dame political scientist said her students who are spending this summer in China have no access to Gmail or Google Search.
The end result of all of this conflict between the USA and China is that American businesses will be the target of China for a long time to come.
We maybe facing a trade war with China in conjunction with the assault of American companies by China.
This is not a pretty picture.
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