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US-China trade war spins out of control, spreads in new
& nbsp; At least, after a few moves from Washington on Tuesday, there is the appearance of the Beijing trade war game, as a blacklisting of multiple technologies and facial recognition and artificial intelligence (AI) technology companies, including Hikvision, Megvii Technology, iFlytek Co., and SenseTime. & Nbsp;
This means that these companies cannot buy US technology, nor can they sell their products to US markets. & Nbsp;
Then it is the US s State Department's decision to impose a restriction on some Chinese officials for committing acts that Washington deems unacceptable. & nbsp;
Ted Bauman, senior analyst and economist at Banyan Hill Publishing, sees Washington's new move as an attempt to use maximum pressure on Beijing as trade talks are about to resume. & nbsp;
"The latest blacklist announcement is consistent with the Trump administration's strategy of seeking new sources of influence in the ongoing trade negotiations," he says. "I don't think it's a coincidence that this announcement came out on the heels of leaked reports that they are considering limiting US investment flow to Chinese companies. It's as if the administration has realized that the Chinese will not back down in the face of increased US tariffs, so they are throwing around for other ways to threaten the Chinese. "& Nbsp;
And that seems to be the case on the Chinese side." An American decision to blacklist 28 Chinese units, announced shortly before High-level Chinese and U.S. officials meet in Washington for a new round of trade talks, are typical of the Trump administration's action practices and showed that the United States sought to benefit by pushing China further, Chinese experts warned on Tuesday, "Huang Ge and Song said Lin & nbsp; in an editorial from Globaltimes.
Bauman believes that the & nbsp; blacklist is indeed a "good idea. "But he is concerned about the time." The problem is that the economies of the two countries are strongly interwoven. Concerns about these issues should have been raised long ago since the Chinese had less influence, he says. "As many people begin to realize, by ignoring these things for so long, the United States has helped create the Chinese "monster," and it may be too late to do anything about it. "
Meanwhile, Bauman believes Washington's strategy may not work." The problem is that all this starts working & nbsp; a & nbsp; little despair, and the Chinese have picked it up, "he says." The latest news from the Chinese side is that & nbsp; the & nbsp; is no longer interested in a big bargain on trade, and will only focus on short-term issues. "
What does it mean for the future trade negotiations?" That means the Chinese will either get this current round of discussions over so they can wait for that a new US administration should talk to, or openly mock the Trump administration by saying, "Go ahead and do your worst, we don't care," "he concludes.
In either case, & nbsp; Washington & nbsp; makes it less likely that any agreement will be reached between the two sides at any time. It's just a matter of time before Beijing comes up & nbsp; nbsp; with its own blacklist of US companies, imposing & nbsp; its own restrictions on US officials.
Wall Street begins to feel this outlook, selling after Washington announced its new move, and closed significantly lower for the day  Gallery: America's 10 Best Employers for Graduates 2019