As the Trump administration moves to take on China over intellectual property, Washington will find it has limited firepower. Beijing has a strong grip on American technology companies, and global trade rules could favor China.
The attack by Chinese spies reached almost 30 U.S. companies, including Amazon and Apple, by compromising America’s technology supply chain, according to extensive interviews with government and corporate sources.
China has attacked Washington’s “cold war mentality” after a Pentagon report focused on Beijing’s ambitions in the South China Sea, its plans to open military bases in countries such as Pakistan, and its deployment of rockets able to deliver nuclear warheads to the western Pacific.
The People’s Republic of China isn’t exactly a favorite of the American public. Since the Wuhan Coronavirus outbreak of early 2020, Americans are questioning whether or not all of that cheap plastic junk from Wal-Mart doesn’t come with a hidden cost.
With record acreage planted, U.S. soybean growers hope to expand exports to China this year as Chinese demand continues to increase, but competition from Brazil and concerns about U.S. genetically modified crops may dampen Chinese enthusiasm.