The U.S., China and the proxy war for tech supremacy GlobeBusiness
Winning a trade war was supposed to be easy, or so U.S. President Donald Trump assured everyone.
That’s because the tariff fight between the two countries is a proxy for a much broader struggle for dominance in the digital economy. The tariffs on hundreds of billions of dollars of goods are just a prelude. And even an eventual deal to lift them won’t resolve the underlying rift. The fight is not about the price of U.S. pork and soybeans, or Chinese TVs and washing machines. It’s about a rivalry in technology.Mr. Trump’s signing of an executive order this week targeting China’s Huawei Technologies offers a hint of how the next phase of the war could play out. Citing the company’s involvement in “activities that are contrary to U.S.
For the U.S., Chinese tech companies aren’t just a security and foreign-policy threat. They are also a growing economic threat.
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