USA

The heart of trade warfare: The technological race and transition

Mié, 09/25/2019 - 16:29 -- anegrete

The commercial war waged by the U.S. against China is taking place in a scenario of technological backwardness in the areas of telecommunications, energy, electric cars, cell phones and computers against China.

The U.S. began to lose market share in the global high-tech market in the 21st century and concentrated on completing its global value chains to increase profitability. In 2018, China exported three times the value of these exports to the United States and more than ten times that of European countries.

The imperative need for the US to interfere with China's deployment is growing, and the protectionist trade route has not worked. Everything seems to indicate that the war is going to move to the exchange and financial field.

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