No longer a simple tit-for-tat china is ready to endure how to find ways to make money — and inflict — real pain on the u.s. – impresario

China is appealing to nationalism as its trade rhetoric grows how to find ways to make money increasingly bellicose. A spokesperson from china’s ministry of commerce on thursday criticized the “wrong actions” taken by the U.S. And demanded a reversal before trade negotiations would continue, a day after secretary of the treasury steven mnuchin told how to find ways to make money CNBC that no new trade talks had been planned.

Earlier this month, trump signed an executive order delivering a potentially crippling strike how to find ways to make money against chinese tech giant huawei, blocking access to critical american technology on the grounds that how to find ways to make money beijing could exploit huawei’s presence in the U.S. Market for surveillance or spying. The commerce department then moderated that with a 90-day authorization allowing the continuance of existing relationships to “prevent the interruption of existing network operations and equipment,” according to CNBC.

Experts say these conflicting messages indicate that the administration is how to find ways to make money exploiting the purported risk. “this is clearly, to me, not something the administration had to do. It was something they wanted to do in order to how to find ways to make money send china a signal. It’s clear that, at least in the short term, the ability to cut off huawei’s access to american technology is a very powerful coercive how to find ways to make money tool,” said jacob kirkegaard, senior fellow at the peterson institute for international economics.

“access to U.S and western know-how is considered key to china becoming a world leader how to find ways to make money in robotics, renewable energy, electric cars etc.,” said tom elliott, international investment strategist at the devere group. “the made in china 2025 project is based on china how to find ways to make money taking, and improving with lots of state subsidies, on U.S and other western technology,” he said, referring to one of chinese president xi jinping’s signature economic initiatives.

In response, china pointed out that it has exports on which U.S. Companies depend, as well. When xi made a public visit this week to facilities how to find ways to make money that specialize in the production of rare-earth minerals, he was sending a clear, unspoken message, kirkegaard said. “if you don’t want to sell us your tech or your chips, maybe we don’t want to sell the rare earths you need to how to find ways to make money make those chips,” he said. “they’re signaling that they can play dirty, as well.”

Kirkegaard said, though, that this threat is unlikely to be carried out as how to find ways to make money long as china seeks to maintain a strategic moral high how to find ways to make money ground. “by far, the best thing that could happen for china is if how to find ways to make money trump remains completely isolated from all america’s traditional allies. One of the ways china can do that is not how to find ways to make money to retaliate with the intent of causing maximum damage,” he said.

Beijing has an interest in seeing the U.S. Break ranks with other western nations, as most trade experts agree that a multilateral approach would how to find ways to make money be more successful at curbing chinese practices like forced technology how to find ways to make money transfers that hurt american companies. “trump’s threat would be still greater if he could conduct how to find ways to make money his china policy in alliance with europe and japan,” elliott said.

Williams said the two countries probably each could go it how to find ways to make money alone, but it would damage both economies. “china and the U.S. Don’t need each other but they can each inflict pain how to find ways to make money on the other, so the question is how much each is willing to how to find ways to make money withstand,” he said, expressing a more negative view that is being adopted by how to find ways to make money a growing number of observers. “unless president trump makes another sudden shift in his approach, a deal now looks very unlikely,” he said.

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