Stay updated with breaking news from Tech War. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
As widely expected, US president Donald Trump has signed a law under which Chinese companies could be removed from American stock exchanges if they fail to comply with US auditing oversight rules
Questions of state subsidies. the monitoring of technology issues and so forth. to have reciprocal tariff reduction is not the big thing. second, there's a host of other issues -- human rights, political control by governments, south china sea, taiwan, hong kong, what have you. this relationship has moved more quickly than any other foreign policy i can think of in years. this is not going to be a transformational moment at all. >> the markets are wrong to celebrate? >> absolutely. i mean, the markets are responding to the fact that algorithmic trading programs look for good news for china and...
Going back to a reset no matter who is in office. we're not resetting to the '90s. i think china and europe are moving in different ways in the rules of the road. it will be interesting to see where europe goes. china is one belt, one road infrastructure plan is also about rolling out 5g and 5g standards into europe. >> very quickly. you said you think we're at the start of a new cold war with china. you think it's that serious? >> yes. i agree, but i'd go further than richard and ronna. i think cold war 2 has begun and the trade negotiations is distracting people that the tech war is more imp...
Infrastructure plan is also about rolling out 5g and 5g standards into europe. you've said you think we're the start of a new cold war with china. you think it's that serious? >> yes. i agree, but i'd go further than richard and ronna, i think cold war 3 has begun and the trade negotiations is distracting people that the tech war is more important. and china's vulnerability is in hardware. it imports more high end semi conductors than oil in terms of dollar volumes. that's their vulnerability. it will take beyond 2025 for them to be self-sufficient in the area. that's where the u.s. is going...
Control by governments, dtaiwan hong kong, what have you. this relationship has moved more quickly than any other farm policy i can think of in years. this is not going to be a transformational moment at all. >> the markets are wrong to celebrate? >> absolutely. i mean, the markets are responding to the fact that algorithmic trading programs look for good news for china in the u.s. they go up and down based on that. i agree it's false optimism. this is part of the big tech story as well. the trade war is a tech war, is an existential war about who's going to control the high growth industries ...