to sell chips to ZTE, a Chinese multinational telecommunications equipment and
systems company, even after imposing huge fines on the company. By so doing, the US has act
ually encouraged China to increase investment in its high-tech sector. So, even if China and the US were to strike a de
al, China would be prompted to import lower volumes of energy and agricultural products from the US.
In macroeconomic terms, the China-US trade dispute has added h
uge uncertainties to the US economy and raised the likelihood of recession. Which cou
ld thwart the US president’s chances of being re-elected in 2020. And the trade dispute c
ould prevent the US from taking the measures it intends to in order to consolidate its national power.