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. <\/p>\n\n\n\n
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.<\/p>\n\n\n\n
In furtherance, Donald Trump\u2019s 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. <\/p>\n\n\n\n
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;<\/p>\n\n\n\n
“I think they\u2019re coming to make a deal, It\u2019s got to be a fair deal.”<\/em><\/p>\n\n\n\n In the ensuing trade-war, the US State Department also issued a visa embargo on some Chinese officials that Washinton termed as \u2018committing acts that are unacceptable\u2019. 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.<\/p>\n\n\n\n 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\u2019s 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;<\/p>\n\n\n\n