Apparently team China noted to trump that should ZTE fall, the entire USA chip industry shall suffer immediate cardiac arrest whatever the consequences, because trade war is trade war, and if to be fought, then let it be rapid scorched rare earth and sudden toasted Silicon Valley,
Whatever countermeasures, none w/i efficacy time of 15-30 years, and immediate / sudden does sound negative
Trump now instead wish to pick on the Germans, Italians, Japanese, Canadians and Mexicans, and oops, almost forgot, the South Koreans, all for making better cars
... as to do a favour for Xi, weaken the competition, so that they can be more easily defeated or otherwise M&A-ed to save from extinction, as team China and tribe India go full-on electric even as rare earth goes rarer-still via executive order of the State Council
I understand team China was prepared to announce extra-territorial legal regime to limit re-sale / reof China-sourced any-material to any trade-war nation
Trump understood the message, and now so does Congress
Very wise |
