President Trump has taken a flurry of brisk actions as part of the ongoing trade spat between China and the US. After hiking tariffs and considering more, Trump now officially took the step of effectively outlawing US business with Huawei. He issued an executive order that gives the Commerce secretary power to review any transactions that could pose a risk to national security. The US Department of Commerce also put Huawei on its “Entity List”, which means US companies will need to apply for a license before doing business with it.
FINSUM: To be completely honest we are quite worried about the implications of this trade war and how it could play out on many fronts. The trade war almost feels like a microcosm of the larger political and cultural leadership struggle between the US and China and that worries us.