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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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Trump Endorses Apple To Provision 5G Connectivity In The US

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Trump Endorses Apple To Provision 5G Connectivity In The US
Photo: Statesman

During his visit to Apple’s MacBook Pro manufactory in Austin, Texas, President Donald Trump urged the tech giant to see to the provision of a 5G network in the U.S. This was revealed in the event of acknowledging Apple’s billion-dollar campus project – by the US President.

According to a tweet by Tim Cook – the CEO of Apple, this campus is said to have been in existence since 2013. However, it was officially launched on Wednesday with an expectation to accommodate over 5,000 employees, and the capacity to house 10,000 more in the near future. Also, this facility serving to be the primary production unit of Apple’s MacBook PCs demonstrates Apple’s loyalty to its home country. And Because Apple didn’t move its production of the desktop computers to China as earlier announced. Cook loftily asserts that;

“Building the Mac Pro, Apple’s most powerful device ever, in Austin is both a point of pride and a testament to the enduring power of American ingenuity.” and “With the construction of our new campus in Austin now underway, Apple is deepening our close bond with the city and the talented and diverse workforce that calls it home. Responsible for 2.4 million American jobs and counting, Apple is eager to write our next chapter here and to keep contributing to America’s innovation story.”

Evidently, Trump’s call on Apple for 5G tech comes as a bid for the US to be at the forefront of the US-China trade war. And as China continues to pioneer the 5G flag flawlessly. Subsequently places the US on detriment on the trade ban with these Chinese companies.

Although there has been recent news about other telecoms service providers as Verizon, AT&T, Sprint, and T-mobile, making the 5G LTE network available in the US. However, the trend currently cuts across only a select few cities and not yet widespread in the US.

Hence Trump leveraged on Apple’s vast resources to call upon the companies’ involvement in the fifth generation of cellular network technology. Requesting Apple to provide 5G to the masses in the US, as it is currently in China.

Even though 5G technology does not fall under Apple’s niche, Trump nonetheless beseeched Cook with the question during this event. Although the official paper by the White House about the visit does not document any statement relating to 5G technology.

This was however confirmed following a tweet by the President on Thursday;

Tweet:

The fact that Trump requests for Apple’s involvement in 5G technology either bespeaks the President’s tech ineptness, which is understandable. Or probably an indication of the close tie that exists between the President and Apple’s CEO.

A fact that does not inspire with awe, as Trump had earlier considered excluding Apple from China tariffs at the said event. But what strikes a wonder is whether Apple would answer to this call or remain adamant towards its involvement with cellular network technology.

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Wikipedia Co-Founder Debuts A Crowd-funded Social Media Platform Which Claims To Fully Protect Users’ Right

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Wikipedia Co-Founder Debuts A Crowd-funded Social Media Platform Which Claims To Fully Protect Users' Right
Photo: WT.Social

Contrary to the Ad-funded social media platforms propagated by tech companies such as Google, Facebook, and Twitter, comes the birth of a new Social network – WT:Social. Founded by the Co-founder of Wikipedia – Jimmy Wales, this new social platform is a crowd-funded community that is maintained via the contributions of its Users.

Although the platform is free to join, yet the WT:Social ecosystem runs on a subscription basis. Such that newly registered Users are shortlisted on a ‘waiting list’. And can only be included in the platform when they make contributions through donations or help build up the community by inviting a friend. 

Therefore, in order to become a member of the social network, it requires a monthly fee of $12.99 or $100 per year in the U.S. While the said donation plan goes for €12 per month or €90 per year and £10 per month or £80 per year in Europe and UK respectively. 

Currently, WT:Social enjoys over 160,000 Users according to a tweet by Wales. However, its Proprietor envisages that the platform has the capacity to attain 500 million Users, as is the company’s target. As stated by Wales;

“Obviously the ambition is not 50,000 or 500,000 but 50m and 500m. If we grow from 400 users today (you’re in on the ground floor!) to 400 million, we will have revolutionized the Internet and shown a better and more healthy way to share information and collaborate with each other.”

Photo: WT:Social

Given that WT:Social started out as Wikitribune – A site dedicated to publishing only factual news, the platform’s number one goal is to combat fake news and bad actors. Also, WT:Social aims to grants Users full control and provide them with an informative social media engagement rather than a click-bait experience.

But what remains to be known is the kind of content to be distributed on the platform that could maintain its utility in the long term. Considering the fact that the site would have its Subscribers register with a fee, precludes the involvement of Users from developing countries (which is one of the secret ingredients behind the larger communities present on Facebook and Twitter).

Hence, WT:Social would have to do a lot in terms of the content it distributes. So to attract more Users and compete with the likes of Facebook that presently enjoys an audience of over 1.5 billion users worldwide.

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