That’s what White House economic advisor Larry Kudlow said in an interview with The Washington Post. Political tensions between the two superpowers fuel fears of a renewed trade war.
The corona pandemic has worsened relations between Beijing and Washington. US President Donald Trump places the responsibility for the corona pandemic on China. For example, he proclaims the hitherto unproven theory that the new coronavirus comes from a laboratory in Wuhan.
Huawei pain point
US measures against Chinese tech companies such as Huawei and tensions around Taiwan are also putting pressure on relations.
Last year, the United States and China fought out their trade conflict by imposing additional import duties on each other. The two take a break with the January deal on ‘phase 1’ of a trade agreement.
China promised, among other things, to buy more American goods. According to Kudlow, those purchases are behind schedule, but China plans to keep to the agreements made.
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