Markets continue to more or less shrug off the prospect of a dramatic escalation in the US-China trade conflict, with major US stock benchmarks in the green on Thursday as of early afternoon. But a realization is finally taking hold that the leaders of the world’s two largest economies have little political room to back away from doubling down.
Many analysts’ base-case scenarios have already shifted from a short-term resolution to the US-China tariff war to an expectation that the current stalemate will be the new status quo for the foreseeable future.
But Ray Dalio, founder of one of the world’s largest hedge funds, said he is worried about a worst-case scenario, one that sees Washington and Beijing slide into a disastrous export control war aimed at crippling sectors of each other’s economies.
“As someone in these negotiations wisely said, history shows that countries in conflict have seen that such conflicts can easily slip beyond their control and become terrible wars that all parties, including the leaders who got their countries into them, deeply regretted,” Dalio wrote in a LinkedIn post.
“What is now most important at this time of brinksmanship is seeing what actually happens next—i.e. whether we see the “tariff war” slip into an “export embargo war” intended to shut parts of the other country down,” he warned.
That has already begun in the case of Chinese telecommunications firm Huawei, which has been cut off from key US components and services that it relies on for important sources of revenue, including its booming smartphone business. Huawei handsets overtook Apple to become the world’s second-best selling mobile devices last year, and the company was poised to leapfrog Samsung in short order.
Huawei has already ascended to become the world’s dominant provider of telecommunications network equipment and services, relied on by mobile providers in Europe and much of the rest of the globe outside the United States. In China’s ambitious drive to become a leader in high-tech industries, Huawei is far and away the most important chess piece.
The question then is whether China will respond by cutting the US off from exports it needs from China, such as rare earths.
So far, Beijing has held off, presumably in hopes that trade negotiations can be restarted, or at least that the attack on Huawei, which could spread to include other Chinese tech firms, could be mitigated.
But as Dalio says, “Building independence will happen regardless of what is negotiated because both sides have learned that they need to be protected against being squeezed … That is a big deal because it is a major, multi-year undertaking that will take resources away from other development.”
Heya are using Wordpress for your site platform? I’m new to the blog world but I’m trying to get started and create my own. Do you require any coding expertise to make
your own blog? Any help would be greatly appreciated!
For latest news you have to go to see world wide web and on the web I found this site
as a finest site for newest updates.
That is very attention-grabbing, You’re a very skilled blogger.
I have joined your rss feed and look ahead to in the hunt for extra of your
magnificent post. Also, I have shared your web site in my social networks
Link exchange is nothing else however it is just placing
the other person’s weblog link on your page at appropriate place and other person will
also do similar in favor of you.
Hey There. I discovered your weblog the use of
msn. That is an extremely well written article. I’ll
make sure to bookmark it and come back to learn more of your useful info.
Thanks for the post. I will definitely comeback.
My brother suggested I might like this web site. He was totally right.
This post truly made my day. You cann’t imagine simply how
much time I had spent for this info! Thanks!
Since the admin of this web site is working, no
doubt very rapidly it will be renowned, due to its feature contents.
natalielise plenty of fish
Nice blog here! Also your site loads up very fast! What web host are
you using? Can I get your affiliate link to your host? I wish my web
site loaded up as fast as yours lol
Really when someone doesn’t know then its up to other
users that they will assist, so here it occurs.
I do not know whether it’s just me or if everyone else encountering issues with your
site. It looks like some of the text on your content
are running off the screen. Can someone else please provide feedback and let me know if this is happening to them as
well? This might be a issue with my browser because I’ve had this happen before.
With havin so much content do you ever run into any problems of plagorism or copyright infringement?
My website has a lot of unique content I’ve either created myself
or outsourced but it looks like a lot of it is popping it up all over the internet without
my agreement. Do you know any methods to help protect against content from being stolen?
I’d really appreciate it.
My partner and I stumbled over here coming from a different web address and thought I should check things out.
I like what I see so i am just following you. Look forward to looking over your web page yet again.
I think this is among the most vital info for me. And i am glad reading your article.
But should remark on few general things, The web site style is ideal, the articles is really
great : D. Good job, cheers
What’s up, all is going perfectly here and ofcourse every one is
sharing data, that’s truly good, keep up writing.
I needed to thank you for this great read!!
I absolutely enjoyed every little bit of it.
I have got you saved as a favorite to look at new things you
hey there and thank you for your info – I’ve certainly picked up anything new from right here.
I did however expertise a few technical issues using this web
site, as I experienced to reload the site a lot of times previous to I could get it to load properly.
I had been wondering if your web host is OK? Not that I’m complaining, but slow loading instances times will very frequently affect your placement in google and could damage your high quality
score if advertising and marketing with Adwords.
Well I am adding this RSS to my email and could look out for
much more of your respective interesting content.
Make sure you update this again very soon.
This post was amazing i try to read your blog very often, and you’re always coming out with pretty great stuff.
I contributed this on my blog, and my followers really liked it.
I really admire the great work 🙂
I really liked this post i read your blog pretty often, and you’re constantly
coming out with pretty great stuff. I embedded this on my fb,
and my followers adored it. I really admire the very good work :
This post was amazing i actually read your blog fairly often, and you’re consistently coming out with some great stuff.
I embedded this on my facebook, and my followers loved
it. I really admire the good work 🙂
excellent points altogether, you simply gained a new reader.
What may you recommend about your post that you just made some days in the past?
Hey! This is kind of off topic but I need some guidance from an established blog.
Is it hard to set up your own blog? I’m not very techincal but I can figure things out pretty quick.
I’m thinking about setting up my own but I’m not sure where to begin. Do you have any points or suggestions?
This post was amazing i read your blog fairly often, and you’re consistently
coming out with a lot of great stuff. I shared this on my facebook, and
my followers really liked it. Continue the great work :
I got this web site from my friend who shared with me on the
topic of this web page and now this time I am visiting this website and reading very informative posts at this place.
I loved this post! i read your blog fairly often,
and you’re constantly coming out with pretty great stuff.
I shared this on my fb, and my followers really liked it.
Continue the great work 🙂
What’s up Dear, are you truly visiting this site daily, if
so then you will absolutely take fastidious experience.
I am sure this article has touched all the internet
viewers, its really really good article on building up
Unquestionably believe that which you stated. Your favourite reason appeared to be at the net the easiest factor to remember
of. I say to you, I certainly get irked while
people think about concerns that they just don’t recognise about.
You controlled to hit the nail upon the top and also defined out the entire thing without
having side effect , other people can take a signal.
Will probably be back to get more. Thank you
Greetings from Florida! I’m bored to tears at work so I
decided to browse your website on my iphone during lunch
break. I enjoy the knowledge you present here and can’t wait to take a look when I get home.
I’m shocked at how quick your blog loaded on my mobile ..
I’m not even using WIFI, just 3G .. Anyways, excellent site!
It’s impressive that you are getting thoughts from this article as well as
from our dialogue made at this place.
I think that what you composed was actually very reasonable.
However, think about this, suppose you were to write a
killer post title? I mean, I don’t want
to tell you how to run your website, however suppose you added a headline to maybe get folk’s attention? I mean Dalio warns
of US-China ‘war’ slipping out of control – Asia Times is a little vanilla.
You ought to peek at Yahoo’s home page and watch how they create post headlines to get
people interested. You might add a video or a pic or two
to get readers excited about what you’ve written. In my opinion, it would make your
website a little bit more interesting.
Greate post. Keep posting such kind of information on your blog.
Im really impressed by your site.
Hi there, You’ve performed an excellent job.
I will certainly digg it and personally suggest to my friends.
I’m sure they’ll be benefited from this site.
I’m truly enjoying the design and layout of your website.
It’s a very easy on the eyes which makes it much more enjoyable for me to come here and visit more often. Did you hire out a developer to
create your theme? Fantastic work!
Excellent blog right here! Additionally your web site loads up very fast!
What host are you using? Can I get your associate hyperlink for your host?
I wish my website loaded up as quickly as yours lol
Thank you for the good writeup. It in fact was a entertainment account
it. Look advanced to more introduced agreeable from you!
However, how could we communicate?
I do not know whether it’s just me or if everybody else encountering
issues with your site. It seems like some of the text in your posts are running off the screen. Can somebody else please provide feedback and let me know
if this is happening to them as well? This might be a problem with my internet browser because I’ve had this happen before.
Great delivery. Outstanding arguments. Keep up the amazing effort.
Hi! I just wanted to ask if you ever have any trouble with hackers?
My last blog (wordpress) was hacked and I ended up losing several weeks of hard work due to
no backup. Do you have any solutions to protect against hackers?
We’re a group of volunteers and starting a new scheme in our community.
Your web site offered us with valuable information to work on. You have done an impressive job and our
entire community will be grateful to you.
I loved this post! i try to read your blog pretty often, and you’re constantly coming out with some great
stuff. I embedded this on my facebook, and my followers
really liked it. Keep up the great work 🙂
WOW just what I was looking for. Came here by searching for sling tv
Leave a comment