The United States and China come together in a tailspin amid punitive threats; India also caught in the middle
WASHINGTON: President of the United States Donald trump On Thursday it threatened to cut ties with China in response to its role in spreading the coronavirus pandemic, as relations between the world's two largest economies plummeted after a series of punitive and anti-threat measures from Beijing. .
The Trump administration moved on Friday to block shipments of semiconductors to China's Huawei technologies, even as the US president. USA He confirmed that he was directing the withdrawal of billions of dollars from US pension fund investments in China. In turn, Beijing indicated that it is preparing countermeasures against US companies such as Apple, Boeing, Cisco and Qualcomm that have large investments in China.
After your comment that you are not interested in meeting or speaking with the leader of China Xi Jinping At this time and with a sense of betrayal, Trump ordered a series of punitive measures while warning in a Fox Business interview that there are many things we could do. We could cut the entire relationship. Such a measure will decimate the global supply chain that is already under stress given not only the mutual dependence of the world's two largest economies, but also of other countries that are linked to them.
US lawmakers are also moving in tandem with Trump's pressure on China, crafting retribution legislation with steps that range from banning Chinese students from studying STEM (science, technology, engineering, mathematics) in the United States to propping up Washington alliances. with countries surrounding China, including India.
An 18-point plan unveiled on Friday by U.S. Senator Thom Tillis to hold the Chinese government accountable for its lies, hoaxes, and cover-ups that ultimately led to the global COVID-19 pandemic provides for measures to deepen our military ties with regional allies and expand equipment sales to Taiwan, India and Vietnam.
The plan also calls for the move of manufacturing to the US. USA And gradually phase out dependence on China's supply chain, seek restitution from the Chinese government and impose sanctions for lying about the virus, investigate the Chinese government's cover-up of the spread of COVID-19, and expose and counter the predatory diplomacy of China's debt trap directed at developing countries, among other measures.
The hardening Republican public stance on Beijing is also aimed at deflecting criticism of Trump's initial softball reaction to the emergence of the coronavirus when he repeatedly praised China and its leader Xi Jinping for being transparent and being control of the virus. Some of his pronouncements have been compiled into a Democratic attack ad. Trump and his supporters meanwhile have lined up political ammunition to show that it was the Obama-Biden dispensation that allowed China to exploit the U.S.
But any expectation that the dispute between the United States and China could be beneficial to New Delhi in terms of US companies moving assembly lines to India has been raised by Trump and US lawmakers who have warned that such companies would be taxed if they went elsewhere. place and don't bring back to manufacturing in the United States
When asked about how Apple moved part of its manufacturing from China to India, Trump said that he initially gave Apple a little break because they are competing with a company that was part of a trade agreement we made, but we no longer you are allowing this.
You know that if we wanted to establish our own border like other countries do, Apple would manufacture 100 percent of its product in the United States. This is how it would work, ”he said. The President of the USA USA He has once again criticized India for what he believes to be its high tariff barriers.
Tillis 'and other lawmakers' proposals also envision forcing companies to return to the US. USA And keep manufacturing at home, even if it means higher manufacturing costs.
Americans have been rocked in recent weeks by discovering that amid the pandemic, the country relied heavily on China and other countries for basic medical supplies such as masks, gloves, gowns, and swabs.
In a powerful presentation at a congressional hearing Thursday, a US medical equipment maker. USA He described how he had struggled for years to warn successive governments of the danger they were inviting as hospitals and companies in the United States abandoned US manufacturers. USA Looking for cheaper alternatives abroad.