China will take action against US companies before the extension of the veto to Huawei
A few months ago the United States and China reached an agreement to reduce trade tensions between the two countries. The extension of the veto by one year by the United States to the Huawei company has tightened the rope a lot. The Chinese government has grown tired of this war and is planning to take action against American companies in the country.
There are many US companies that have interests in China, specifically production plants or agreements with local companies. Burning these companies with special taxes would increase the cost of the final products. All because China has evolved very fast in the technology segment and seriously threatens the current American supremacy.
[amazon box="B07QVL8HBR"]China will retaliate against the United States
American companies like Boeing, Apple, Tesla, and Intel, among others, have headquarters or work with Chinese companies. This would destabilize the overall market at an already complicated time.
Although there are still no measures agreed or that have been leaked, everything would go in search of protecting the Chinese company Huawei. A company that threatens Apple's position in the smartphone market. It should be noted that last year China created a list of US companies to sanction. Some reports speak of the suspension of product orders, one of the most affected being Boeing.
Despite the US pressure, Huawei has a strong weight in the smartphone market. While it is falling for sale because of the US accusations, it still has the support of China. That the United States added a year to the Huawei veto has only added gasoline to the fire.
It is clear that China did not sit around watching the United States do everything possible to slow its growth. The archaic American mentality of being the center of the universe and the defenders of the planet is quite regrettable. They should still worry about following their companies, such as Facebook, which passes the privacy of users through the cover and traffics with user data.
Source: Yahoo
