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China tech ban mirrors 1980s attempts to destroy Japanese competition
In the 1980s, the U.S. imposed a 100% tariff on virtually all Japanese electronics and forced Tokyo to sign a one-sided trade deal that reserved much of its domestic semiconductor sector for American companies.
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What’s driving trade tensions between the U.S. and China
There is a lot of concern over the possibility of a trade war between China and the US. In early April President Trump announced that his administration was considering levying $100 billion of additional tariffs on Chinese exports, after the Chinese government responded to a previously proposed U.S. tariff hike on Chinese goods of $50 billion by announcing its own equivalent tariff hikes on U.S. exports. And the Chinese government has made clear it will again respond in kind if these new tariffs are actually imposed.
