How Will America’s Chinese Tech Ban Affect 5G?

Guest Post

There is no doubt that the global geopolitical climate has changed significantly since 2016, thanks largely to the election of Donald Trump as the President of the U.S. One of the key manifestations of this is Trump’s uniquely protectionist approach, which has led to an ongoing trade war with China and other nations across the globe. Last year, the U.S. imposed three rounds of tariffs on more than $250 billion worth of Chinese goods, whilst the Asian nation’s government responded in kind by imposing similar tariffs ranging from 5% to 25% on $110 worth of American products.

We’ve also seen a high-profile row surrounding the rollout of 5G technology that has originated in China, and this shows no sign of ending anytime soon. But how will the U.S. ban on these Chinese tech companies affect the development and rollout of this technology?

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President Trump Declares Trade War on Everybody

donald trump trade war tariffs
Garrett Summers | @g_summ300

The Trump administration has been a huge advocate for tariffs. Recently, the administration increased them on Chinese imports. The administration has also removed India from special trade status. This means Indian imports will be subject to billions of dollars in tariffs. The president further threatened to levy tariffs against Mexico if the government does not do more to stop the influx of migrants crossing into the U.S. illegally. But China and Mexico are the #1 and #3 importers to the U.S., respectively. Trump, with his trade war, will raise prices for the average consumer.

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Thanos Trump Threatens China ahead of Trade Talks

trump tweet, trump thanos, china trade, tariffs
Kevin Doremus | @k_doremus

According to the Washington Post, Chinese internet users now refer to President Trump as Marvel villain Thanos.  President Trump has been negotiating a new trade deal that would attempt to reduce the US’s trade deficit with China. Similar to Thanos snapping his fingers, Trump threatened to increase tariffs to 25% on Chinese goods causing a sharp decline in the Chinese stock market on Monday.

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