President Donald Trump's trade policies could backfire and instead spur China's drive toward technological self-sufficiency, writes Cazenove Capital's Janet Mui.
As it unfolds, the conflict appears to show the US position as being more about stopping Chinese technological dominance than reducing the trade deficit. This suggests the US will maintain a tough stance during future negotiations. There is huge disparity between the two countries on core values including intellectual property rights and technological rivalry. As a result, any "non-negotiable" issues are likely to lead to various stages of conflict escalation and deadlocks. History suggests conflicts typically escalate until they reach a state of mutually-destructive stalemate. One poten...
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