Continuing Deterioration of Relations With China Could Worsen the Coming Financial Crisis
For anyone hoping for a restoration of normal trade relations between China and the United States, last week’s Bloomberg report on Chinese government hardware hacking came as a devastating blow. If the allegations are true that Chinese spies managed covertly and surreptitiously to place microchips into servers used by Amazon, Apple, and other large American corporations, that will just provide more ammunition for the Trump administration to maintain its current position towards China or even to enact more tariffs [...]