Get the latest tech news
Sky-high US-China tariffs are a mutual trade embargo that will hurt both sides
Effects could tip one into recession and undermine other’s fragile economy but prospects for rapprochement are not hopeless
This trade war is distinctly unwelcome for the Chinese Communist party, which only last month revealed its alarm at the underlying fragility of China’s economy. The EU and the UK appear now in “pause” mode with respect to retaliation, formal channels have opened with Japan and South Korea, and the US reports encouraging signals from Vietnam, Cambodia, Thailand and India, for example. This comes from a political system that gives exceptionally large support to its companies, distorts competition, restricts market access and imposes real economic costs on other nations.
Or read this on r/technology
