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US-China Trade War: the US Continues To Fuel The Rivalry By Blacklisting 28 More Chinese Companies

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US-China Trade War the US Continues To Fuel The Rivalry By Blacklisting 28 More Chinese Companies

In the wake of the US-China trade war that has seen such technology companies as Huawei, Google, Hikvision, Megvii Technology, Tesla, iFlytek Co, NVIDIA, SenseTime, Dahua Technology, Intel Corp alongside a host of others experiencing a breach in trade due to the international trade restrictions.

And even though the trend of events that follows afterward may be detrimental to both nations on a long term basis including the global economy at large. The governments of the two largest economies in the world seem to be adamant towards admonishing the trade rift between them.

In furtherance, Donald Trump’s administration seems to be at the forefront of fueling the trade dispute since it bears the burden of initiating the tariff that started the trade war. In a press release on Monday, President Donald Trump accused Hong Kong of getting involved in anti-human practices against the Muslim community – particularly the Uighurs and other minority Muslims. By means of illegal surveillance feeds from top surveillance hardware companies as Hikvision and Dahua Technology, China was able to detain over a million Muslims. 

In light of this, Trump claims that the events in Xinjiang could pose a threat to countries involved in trade with the aforementioned companies, therefore the 28 list ban. Furthermore, the US imposed restrictions on China to the tune of over $360 billion in tariff on Chinese commodities as well as various other constraints on Chinese investments in the United States. With talks about limiting exportation services to China if they are not forthcoming, Trump added that;

“I think they’re coming to make a deal, It’s got to be a fair deal.”

In the ensuing trade-war, the US State Department also issued a visa embargo on some Chinese officials that Washinton termed as ‘committing acts that are unacceptable’. Following the course of these happenings, the US went on to amend the Export Administration Regulations (EAR). By increasing the number of Chinese entities banned from engaging in whatever form of trade with any company registered in the US as of Tuesday, 8th October. Hence the entity list was updated with 28 Chinese companies in addition to the six companies already present on the list.

Accordingly, Ted Bauman – An Economist and Expert Analyst at Banyan Hill Publishing, pinpoints these moves as a strategy employed by the US bureau towards subjecting the Chinese Government to utter pressure on multiple levels. From Bauman’s point of view, this comes as a notice to the upcoming trade talks between the two nations in Washington later this week. In addition, he added that the Chinese Government is ready and prepared to stretch the trade wars to greater lengths, asserting that;

“The latest blacklist announcement is consistent with the Trump administration’s strategy of seeking new sources of leverage in the ongoing trade negotiation. I don’t think it’s a coincidence that this announcement came hard on the heels of leaked reports that they are considering limiting U.S. investor capital flows to Chinese companies. It’s as if the administration has realized that the Chinese are not going to back down in the face of increased U.S. tariffs, so they are casting around for other ways to threaten the Chinese.” 

This new development has discouraged the trust that once existed in the trading sector on a global scale. Given that it has the potential to trim company return margins in both nations. As it subsequently encourages the Chinese Government to deter funding of Chinese companies by US Investors.

Even though the US seems to be nonchalant towards a conclusive detente, it is evident that the economic state of the country has been posed with more threatening effects than that of the Chinese. And as such the Xi Jinping administration recently aired its indifference with regards to the trade talks as it is not phased by whatever the outcome may be.

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Samsung Raises the Game with The New Galaxy Note 20 to Rival iPhone 12 and Pixel 5

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Samsung Raises the Game with The New Galaxy Note 20 to Rival iPhone 12 and Pixel 5

While other notable phone manufacturers are trimming prices amidst the pandemic, Samsung seems to be raising the bar even higher. In February alone, the Korean electronics company debuted three high-flying flagship phones each of which fell within the price range of $999 to $1,399. This is actually quite unexpected since other major competitors in the tech industry are cutting down prices on gadgets; such as Apple’s 5G iPhone 12 possibly maintaining the same price tag of $849 as its 4G predecessor – iPhone 11

In the same light, Google is deemed to be producing its latest version of the Pixel flagship – Pixel 5, with even cheaper processors to effect a price reduction lower than $700. Microsoft on the other hand is expected to slash a whopping 25% off of the Surface Earbuds, same as Apple’s AirPods prices and Pixel 4 getting a $50 price reduction. Evidently, these are only a handful of the ripple effects that the COVID-19 outbreak brings to the tech space, subsequently, the global economy.

In spite of the economic downturn that has forced most tech companies to rethink their launch price – and possibly postpone the launch dates, Samsung seems to be taking even bolder steps. How the Asian gadget-making company is responding to the current market slide is actually mind-boggling. Considering that the company is set to launch its Galaxy Note 20 Ultra and Galaxy Note 20 Plus at a very exorbitant price compared to what other competitors in the market are selling for. 

This is hardly surprising since Samsung has taken greater steps to upscale, which is evident in the new features present in the Galaxy Note 20 series – such as a backplane LTPO OLED display tech and the rumored 4300mAh battery size, while others are running short on manufacturing supplies and production deliveries. Based on historical data and given the current situation, we should expect the Samsung Galaxy Note 20 series to be priced well above $1000. However, the big question here is; will consumers be willing to part ways with such amount of cash for a phone that promises an extensive battery life in juxtaposition to much cheaper rivals, with less durable battery life?

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Elon Musk’s SpaceX Project Successfully Debuts NASA’s Launch into Space

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Elon Musk’s SpaceX Project Successfully Debuts NASA’s Launch into Space
Photo Credit: SpaceX

SpaceX– Elon Musk’s aerospace company, just launched two NASA astronauts into space. SpaceX is a privately owned American aeronautic manufacturing and space exploration technologies corporation, founded sometime in 2002 with the primary intention of revolutionizing space technology and promoting the emigration to mars through reduced space transportation cost. SpaceX group, an enterprise spearheaded by one of the most innovative minds of our times, has introduced a new age of human spaceflight in the United States. The project codenamed ‘Crew Dragon Mission’ was the second attempt by the company to launch spacemen into the orbit, over the last two decades – as the first attempt from three days ago was canceled a few minutes before take-off due to stormy weather.

This most recent development is part of NASA’s Artemis program. It comes as a relish to NASA and SpaceX since the automated spacecraft manufacturer was sanctioned by NASA barely two weeks ago to develop a lunar optimized Starship that would transport its crew between the lunar orbit and the surface of the moon. The two astronauts involved in this record-breaking venture are; Bob Behnken and Doug Hurley – both of whom are NASA veteran space travelers.

NASA astronauts Doug and Bob lifted off circa 15:22 UTC on Saturday, 30 May 2020, from Kennedy Space Center on Merritt Island, Florida – which happens to be the same launch pad used to send the Apollo astronauts to the moon fifty years ago. Notably, the launch of the SpaceX aero flights – Falcon 9 rocket and Dragon crew capsule, from Florida’s Kennedy Space Center to the International Space Station (ISS) marks the first time in 9 years since a spacecraft has been launched from American soil and also the first time a private company has done it.

The NASA astronauts have successfully arrived at the International Space Station. In attendance to witness the event in Florida was President Donald Trump, Vice President Mike Pence, and the SLOTUS – Karen Pence of the United States of America.

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