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The Trade War Continues: How the US-China Feud is Affecting Technology
The conflict between the United States and China over trade and technology has been ongoing for a few years now. The trade war began in 2018 when President Trump imposed tariffs on imported Chinese goods, citing China’s unfair trade practices and intellectual property theft. China retaliated with tariffs of their own, and the conflict has escalated ever since.Technology has become a major sticking point in this feud. The US government has accused China of stealing American technology and using it to advance their own technological industries. In response, the US has implemented restrictions on Chinese tech companies, such as Huawei and TikTok, citing national security concerns.However, these restrictions have also affected American businesses that rely on these companies for their own operations. For example, Huawei is a major supplier of telecommunications equipment to wireless carriers around the world, including in the US. The restrictions on Huawei have led to disruptions in the global supply chain, affecting not only Huawei, but also many other companies that rely on Huawei’s components.More recently, the US has also tightened restrictions on Chinese social media app TikTok, citing concerns over user data and potential censorship by the Chinese government. This has led to a potential ban on the app in the US, which would affect millions of users and creators.The tension between the US and China over trade and technology is complex and far-reaching. As the world becomes increasingly interconnected, it’s important for both countries to find a way to resolve their differences and work towards a more cooperative relationship.