President Donald Trump’s war on Chinese technology firms has changed the ground rules for global business, underscoring a new political reality that could have negative repercussions for American firms.
The White House moves against the popular Chinese-owned apps TikTok and WeChat and the tough sanctions on tech giant Huawei highlight the struggle for technology supremacy between the two economic giants, under the guise of national security.
The economic relationship has been roiled by an unprecedented campaign by Trump that has included tariffs, threats of bans and economic sanctions on Chinese tech firms.
“At the heart of it is a struggle to dominate emerging technologies,” said Doug Barry of the US-China Business Council.
“The country that succeeds will realize huge economic and geopolitical benefits.”
But many analysts argue that Trump’s actions could backfire on the US tech sector and other American businesses by encouraging China and other countries to respond in