USA-China new digital Cold War?

. Huawei, among other items, makes a key product called radio access networks, (or RANs) the part of a telecommunications system that connects phones to telco networks through radio connections including base stations, antennas, chips and controllers. Besides Huawei, the RAN business, (which is about $76 billion in annual sales,) is dominated by Samsung (Korean), Ericsson (Swedish), Nokia (Finnish) and ZTE (also Chinese and also at loggerheads with the U.S. government.)

The Trump administration at first began telling allies in Europe that buying Huawei technology posed a national security risk, though with no hard evidence. That gained little traction. “The message was ‘trust us,’ but that is not a strong suit from this administration,” says an industry source. But what if the argument was framed in terms of economics, this source continued. If Huawei and ZTE gain more and more market share then the non-Chinese suppliers, which like all companies in the sectors need to spend billions of dollars of capital . Trump’s early approach was to bully and threaten U.S. allies like Germany and the UK to abandon Huawei. It didn’t quite work. And when the Trump administration has blocked the export of U.S. tech to China, the Chinese have responded maybe not the way Trump anticipated. “Rather than confront any U.S. restrictions, what they’ve basically done is make stronger efforts to try to reduce reliance on imported technologies, particularly U.S. ones. That seems to be part of the broader multi-year strategy that they’re implementing,” says Bruce Kasman, chief economist and managing director of global research at JPMorgan Chase. And the Trump administration has moved to ban TikTok, which now has 80 million-plus monthly active users in the U.S. A key bone of contention here: Money, money, money. that, this is a rivalry which will define societies; education, culture, the military, and in the end personal freedom and responsibility.

Submitted November 15, 2020 at 08:11AM by BikkaZz https://ift.tt/36CRyPx via TikTokTikk