The trade war forces decoupling between China and the United States
This article was automatically translated from HIBAPRESS, the Arabic version:
Hibapress / Le Monde
The climbing of customs duties caused by Donald Trump creates the conditions for an upheaval for the global economy: the irremediable distance from the first two industrial, technological and financial powers of the planet.
Donald Trump’s divorce from America with China is in pain. By prohibiting Nvidia, champion of the flea of artificial intelligence, to sell in Beijing microprocessors who are not very sophisticated, the American president caused new upheavals on the financial markets on Wednesday, April 16. The NVIDIA action fell 6.9 %, resulting in its wake the American technological values and the NASDAQ index which lost 3.07 %. Thus, the financial markets charge high price this Sino-American decoupling wanted by Donald Trump. And the Chinese president, Xi Jinping, by resisting, undertakes to accentuate the cost for the United States.
Already, Donald Trump must have suspended, forced and forced, customs duties on electronic devices produced in China as they threatened to sink Apple, which manufactures most of its iPhone in China, and American electronics. But it is currently inflexible on the rest of the Chinese imports, always taxed up to 145 % since April 10, a level on which he did not align Beijing in his response, which replied.
