Chinese media coverage of the trade war turned nationalistic over the last week. References to national dignity and the willingness of the Chinese people to suffer any burden in the confrontation with the U.S. underscore how bad the situation has become.
Huawei, the world’s biggest telecommunications manufacturer, is dependent on U.S. chips and software. A U.S. Department of Commerce decision Tuesday to allow component sales until Aug. 19 was seen less as a reprieve for Huawei than as a cushion for American companies that do business with Huawei.
Xi told the cadets and their officers that China was facing a new “Long March,” signaling that Chinese authorities are preparing for a protracted trade war and increasing military and geopolitical rivalry between the world’s two largest economies. Jin Canrong, a professor of international relations at People’s University in Beijing, wrote this month on the state-owned news website Guancha that a ban would give Chinese chip makers the chance to catch up and compete with American ones — and have dire consequences for U.S. markets.Another threat in an all-out trade war is that U.S. companies such as Apple could face nationalist boycotts.
An editorial Tuesday by the state-run New China News Agency said that the United States has been using “trade bullying,” “the logic of gangsters” and “the law of the jungle” and that Washington had disgraced itself internationally. What remains murky is the Trump administration’s objective in dramatically upping the ante with its action against Huawei.
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