China and the US have a complex trade relationship with periods of cooperation and tension. While China hasn't entirely rejected US trade, there have been significant disputes and restrictions imposed by both countries.
*Trade War and Tensions:*
- In 2018, the US launched a trade war with China under the Trump administration, imposing tariffs on Chinese goods and restricting American companies from selling equipment to Chinese tech firms like Huawei and ZTE.
- China responded with "wolf warrior diplomacy," countering US criticisms on human rights abuses and engaging in strategic competition.
*Current State:*
- Despite efforts at diplomatic engagement, US-China trade and political relations have reached a low point due to disagreements over technology, China's military growth, and human rights record.
- The Biden administration has imposed large-scale restrictions on selling semiconductor technology to China and boosted regional alliances against China .#BinanceLeadsQ1 #BinanceLaunchpoolINIT $BTC
